NovaGold Resources Inc. (TSE:NG - Get Free Report) shot up 30.2% during trading on Tuesday . The company traded as high as C$5.65 and last traded at C$5.61. 740,350 shares were traded during mid-day trading, an increase of 169% from the average session volume of 274,769 shares. The stock had previously closed at C$4.31.
Wall Street Analysts Forecast Growth
Separately, National Bank Financial raised shares of NovaGold Resources to a "hold" rating in a report on Friday, March 21st.
Read Our Latest Stock Report on NG
NovaGold Resources Stock Performance
The business's fifty day moving average price is C$4.45 and its 200-day moving average price is C$4.70. The stock has a market cap of C$1.46 billion, a PE ratio of -31.95 and a beta of 1.07.
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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