NovaGold Resources Inc. (TSE:NG - Get Free Report)'s share price was up 39.2% during trading on Tuesday . The company traded as high as C$6.31 and last traded at C$6.00. Approximately 1,599,408 shares traded 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.
Wall Street Analyst Weigh In
Separately, National Bank Financial raised NovaGold Resources to a "hold" rating in a research report on Friday, March 21st.
Get Our Latest Stock Report on NovaGold Resources
NovaGold Resources Price Performance
The company's 50-day simple moving average is C$4.45 and its two-hundred day simple moving average is C$4.70. The firm has a market capitalization of C$1.48 billion, a P/E ratio of -32.47 and a beta of 1.07.
NovaGold Resources Company Profile
(
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.
Further Reading
Before you consider NovaGold Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NovaGold Resources wasn't on the list.
While NovaGold Resources currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
