NovaGold Resources Inc. (TSE:NG - Get Free Report)'s stock price rose 39.2% on Wednesday . The company traded as high as C$6.31 and last traded at C$6.00. Approximately 1,599,408 shares changed hands during trading, an increase of 458% from the average daily volume of 286,535 shares. The stock had previously closed at C$4.31.
Wall Street Analysts Forecast Growth
Separately, National Bank Financial upgraded NovaGold Resources to a "hold" rating in a report on Friday, March 21st.
View Our Latest Research Report on NG
NovaGold Resources Trading Up 39.2 %
The company's 50-day moving average price is C$4.36 and its two-hundred day moving average price is C$4.67. The company has a market cap of C$1.43 billion, a P/E ratio of -31.32 and a beta of 1.07.
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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