NovaGold Resources Inc. (TSE:NG - Get Free Report)'s share price 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 were traded during trading, an increase of 458% from the average session volume of 286,535 shares. The stock had previously closed at C$4.31.
Analyst Upgrades and Downgrades
Separately, National Bank Financial upgraded shares of NovaGold Resources to a "hold" rating in a research report on Friday, March 21st.
Read Our Latest Analysis on NG
NovaGold Resources Stock Performance
The company has a market capitalization of C$1.40 billion, a price-to-earnings ratio of -30.59 and a beta of 1.07. The company has a 50 day moving average price of C$4.48 and a 200 day moving average price of 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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