NovaGold Resources Inc. (TSE:NG - Get Free Report) shares shot up 37.1% on Tuesday . The stock traded as high as C$6.00 and last traded at C$5.91. 1,013,894 shares were traded during trading, an increase of 265% from the average session volume of 277,851 shares. The stock had previously closed at C$4.31.
Analysts Set New Price Targets
Separately, National Bank Financial upgraded shares of NovaGold Resources to a "hold" rating in a report on Friday, March 21st.
Check Out Our Latest Analysis on NG
NovaGold Resources Trading Down 10.7 %
The company has a market capitalization of C$1.47 billion, a price-to-earnings ratio of -32.10 and a beta of 1.07. The stock's 50 day moving average price is C$4.48 and its 200 day moving average price is C$4.71.
About NovaGold Resources
(
Get Free Report)
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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