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NovaGold Resources (TSE:NG) Shares Up 1.9% - Here's Why

NovaGold Resources logo with Basic Materials background

Shares of NovaGold Resources Inc. (TSE:NG - Get Free Report) were up 1.9% during trading on Thursday . The company traded as high as C$4.77 and last traded at C$4.77. Approximately 223,468 shares were traded during trading, a decline of 5% from the average daily volume of 234,118 shares. The stock had previously closed at C$4.68.

NovaGold Resources Stock Down 6.3 %

The firm has a market capitalization of C$1.07 billion, a PE ratio of -23.33 and a beta of 1.07. The stock's fifty day simple moving average is C$4.73 and its 200 day simple moving average is C$5.16.

About NovaGold Resources

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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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