NovaGold Resources (NG) Shares Down 1.2% on Insider Selling

NovaGold Resources Inc. (TSE:NG) (AMEX:NG)’s share price dropped 1.2% during trading on Wednesday after an insider sold shares in the company. The company traded as low as C$4.79 and last traded at C$4.80. Approximately 132,368 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 274,464 shares. The stock had previously closed at C$4.86.

Specifically, Director Nieuwenhuyse Rick Van sold 122,824 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of C$5.01, for a total transaction of C$615,348.24. Also, insider David Lee Deisley sold 17,202 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of C$5.27, for a total transaction of C$90,654.54. Over the last three months, insiders have sold 174,602 shares of company stock valued at $881,812.

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About NovaGold Resources

Novagold Resources Inc is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company’s segments include the Donlin Gold project in Alaska, the United States and the Galore Creek project in British Columbia, Canada. The Company operates in the gold mining industry, primarily focused on advancing permitting of the Donlin Gold project in Alaska.

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