NovaGold Resources (TSE:NG) Hits New 1-Year High – Here’s What Happened

NovaGold Resources Inc. (TSE:NGGet Free Report)’s share price reached a new 52-week high on Thursday . The stock traded as high as C$6.99 and last traded at C$6.47, with a volume of 1429773 shares traded. The stock had previously closed at C$6.00.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised NovaGold Resources to a “hold” rating in a research report on Friday, March 21st.

Check Out Our Latest Stock Report on NovaGold Resources

NovaGold Resources Stock Performance

The firm has a market capitalization of C$1.54 billion, a P/E ratio of -33.78 and a beta of 1.07. The business has a 50 day simple moving average of C$4.40 and a two-hundred day simple moving average of C$4.68.

NovaGold Resources Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for NovaGold Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NovaGold Resources and related companies with MarketBeat.com's FREE daily email newsletter.