NovaGold Resources Inc. (TSE:NG - Get Free Report) shot up 42.7% on Tuesday . The company traded as high as C$6.31 and last traded at C$6.15. 1,299,848 shares were traded during trading, an increase of 361% from the average session volume of 281,861 shares. The stock had previously closed at C$4.31.
Wall Street Analyst Weigh In
Separately, National Bank Financial upgraded shares of NovaGold Resources to a "hold" rating in a report on Friday, March 21st.
Check Out Our Latest Analysis on NG
NovaGold Resources Stock Performance
The stock has a market cap of C$1.47 billion, a PE ratio of -32.10 and a beta of 1.07. The firm has a 50-day moving average price of C$4.48 and a 200-day moving average price of C$4.71.
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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