Shares of NovaGold Resources Inc. (TSE:NG - Get Free Report) rose 39.2% during mid-day trading on Tuesday . The company traded as high as C$6.31 and last traded at C$6.00. Approximately 1,599,408 shares changed hands during trading, an increase of 458% from the average daily volume of 286,535 shares. The stock had previously closed at C$4.31.
Analyst Upgrades and Downgrades
Separately, National Bank Financial upgraded NovaGold Resources to a "hold" rating in a research note on Friday, March 21st.
Get Our Latest Stock Analysis on NovaGold Resources
NovaGold Resources Stock Down 10.7 %
The company's fifty day moving average is C$4.48 and its 200 day moving average is C$4.71. The stock has a market cap of C$1.47 billion, a PE ratio of -32.10 and a beta of 1.07.
About NovaGold Resources
(
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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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