NovaGold Resources Inc. (TSE:NG - Get Free Report)'s share price dropped 12% during mid-day trading on Thursday . The company traded as low as C$3.95 and last traded at C$3.96. Approximately 212,926 shares changed hands during trading, a decline of 19% from the average daily volume of 263,803 shares. The stock had previously closed at C$4.50.
Analysts Set New Price Targets
Separately, National Bank Financial reissued an "outperform overweight" rating on shares of NovaGold Resources in a report on Wednesday, January 3rd.
Read Our Latest Report on NG
NovaGold Resources Trading Down 8.4 %
The firm has a market capitalization of C$1.38 billion, a P/E ratio of -21.68 and a beta of 0.82. The firm's fifty day moving average price is C$3.50.
NovaGold Resources (TSE:NG - Get Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The company reported C($0.04) EPS for the quarter.
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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