NovaGold Resources Inc. (TSE:NG - Get Free Report) rose 39.4% during trading on Tuesday . The stock traded as high as C$6.31 and last traded at C$6.01. Approximately 1,540,696 shares were traded during trading, an increase of 442% from the average daily volume of 284,472 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 research note on Friday, March 21st.
Read Our Latest Analysis on NovaGold Resources
NovaGold Resources Trading Down 10.7 %
The company has a market cap of C$1.47 billion, a PE ratio of -32.10 and a beta of 1.07. The firm's 50-day simple moving average is C$4.48 and its two-hundred day simple moving average is C$4.71.
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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