NovaGold Resources Inc. (TSE:NG - Get Free Report) shares rose 1.4% during trading on Monday . The stock traded as high as C$5.18 and last traded at C$4.90. Approximately 348,213 shares traded hands during mid-day trading, an increase of 45% from the average daily volume of 240,086 shares. The stock had previously closed at C$4.83.
Wall Street Analyst Weigh In
Separately, Citigroup upgraded shares of NovaGold Resources to a "strong-buy" rating in a report on Thursday, October 3rd.
Get Our Latest Stock Report on NovaGold Resources
NovaGold Resources Stock Performance
The company has a fifty day simple moving average of C$4.97 and a two-hundred day simple moving average of C$5.35. The company has a market capitalization of C$1.67 billion, a price-to-earnings ratio of -26.21 and a beta of 1.07.
NovaGold Resources (TSE:NG - Get Free Report) last released its earnings results on Wednesday, October 2nd. The company reported C($0.04) earnings per share (EPS) for the quarter.
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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