NovaGold Resources Inc. (TSE:NG - Get Free Report)'s share price traded up 24% on Thursday . The stock traded as high as C$6.53 and last traded at C$6.41. 1,907,457 shares changed hands during mid-day trading, an increase of 384% from the average session volume of 394,140 shares. The stock had previously closed at C$5.17.
Wall Street Analysts Forecast Growth
NG has been the topic of a number of research reports. National Bank Financial raised shares of NovaGold Resources to a "hold" rating in a report on Friday, March 21st. Royal Bank of Canada raised shares of NovaGold Resources from a "hold" rating to a "moderate buy" rating in a report on Wednesday.
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NovaGold Resources Stock Down 5.0%
The company has a market cap of C$1.37 billion, a P/E ratio of -30.02 and a beta of 1.07. The company has a 50 day moving average price of C$4.90 and a 200-day moving average price of C$4.79.
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.
Further Reading
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