NovaGold Resources (NG) Trading Up 7.3%

NovaGold Resources Inc. (TSE:NG) (AMEX:NG)’s share price was up 7.3% during trading on Wednesday . The stock traded as high as C$5.04 and last traded at C$5.02. Approximately 184,460 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 190,544 shares. The stock had previously closed at C$4.68.

Separately, B. Riley reiterated a “buy” rating on shares of NovaGold Resources in a research note on Monday, December 18th.

The company has a market cap of $1,640.00, a PE ratio of -34.47 and a beta of -0.39.

In other NovaGold Resources news, insider Gregory Anthony Lang sold 5,778 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of C$4.88, for a total transaction of C$28,196.64. Also, Director Nieuwenhuyse Rick Van sold 122,824 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of C$5.01, for a total value of C$615,348.24. In the last 90 days, insiders have sold 134,214 shares of company stock worth $671,158.

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NovaGold Resources Company Profile

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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