NovaGold Resources Inc. (TSE:NG - Get Free Report)'s stock price traded up 39.2% during mid-day trading on Wednesday . The stock 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 Ratings Changes
Separately, National Bank Financial raised NovaGold Resources to a "hold" rating in a report on Friday, March 21st.
Get Our Latest Research Report on NovaGold Resources
NovaGold Resources Stock Up 6.5 %
The firm's 50-day moving average is C$4.40 and its 200-day moving average is C$4.68. The company has a market capitalization of C$1.64 billion, a PE ratio of -35.97 and a beta of 1.07.
About NovaGold Resources
(
Get Free Report)
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.
Read More
Before you consider NovaGold Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NovaGold Resources wasn't on the list.
While NovaGold Resources currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
