NovaGold Resources Inc. (TSE:NG - Get Free Report) shares shot up 39.2% on Wednesday . The company traded as high as C$6.31 and last traded at C$6.00. 1,599,408 shares traded hands during mid-day trading, an increase of 458% from the average session volume of 286,535 shares. The stock had previously closed at C$4.31.
Wall Street Analyst Weigh In
Separately, National Bank Financial upgraded NovaGold Resources to a "hold" rating in a research note on Friday, March 21st.
Check Out Our Latest Stock Report on NovaGold Resources
NovaGold Resources Trading Up 39.2 %
The firm has a market capitalization of C$1.43 billion, a price-to-earnings ratio of -31.32 and a beta of 1.07. The stock's 50-day moving average is C$4.36 and its 200-day moving average is C$4.67.
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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