Shares of NovaGold Resources Inc. (TSE:NG - Get Free Report) shot up 39.2% during mid-day trading on Wednesday . The company traded as high as C$6.31 and last traded at C$6.00. 1,599,408 shares traded hands during mid-day trading, an increase of 458% from the average session volume of 286,535 shares. The stock had previously closed at C$4.31.
Analyst Ratings Changes
Separately, National Bank Financial raised NovaGold Resources to a "hold" rating in a report on Friday, March 21st.
View Our Latest Research Report on NG
NovaGold Resources Stock Down 4.2 %
The firm has a market capitalization of C$1.40 billion, a P/E ratio of -30.75 and a beta of 1.07. The business's 50 day moving average is C$4.48 and its two-hundred day moving average is C$4.71.
NovaGold Resources Company Profile
(
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NovaGold Resources Inc explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares located in the Kuskokwim region of southwestern Alaska. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc in March 1987.
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