NovaGold Resources Inc. (TSE:NG - Get Free Report)'s share price shot up 39.2% on Tuesday . The company traded as high as C$6.31 and last traded at C$6.00. 1,599,408 shares traded hands during trading, an increase of 458% from the average session volume of 286,535 shares. The stock had previously closed at C$4.31.
Analyst Upgrades and Downgrades
Separately, National Bank Financial raised NovaGold Resources to a "hold" rating in a research report on Friday, March 21st.
Check Out Our Latest Report on NovaGold Resources
NovaGold Resources Price Performance
The firm's 50-day moving average is C$4.45 and its 200 day moving average is C$4.70. The stock has a market cap of C$1.47 billion, a price-to-earnings ratio of -32.10 and a beta of 1.07.
NovaGold Resources Company Profile
(
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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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