NovaGold Resources (TSE:NG) Shares Down 0.5% – Here’s What Happened

Shares of NovaGold Resources Inc. (TSE:NG) fell 0.5% during trading on Monday . The stock traded as low as C$4.05 and last traded at C$4.20. 280,173 shares traded hands during mid-day trading, an increase of 12% from the average session volume of 250,994 shares. The stock had previously closed at C$4.22.

Wall Street Analyst Weigh In

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

NovaGold Resources Trading Down 0.9 %

The company has a market capitalization of C$1.00 billion, a PE ratio of -21.98 and a beta of 1.07. The firm has a 50 day simple moving average of C$4.56 and a two-hundred day simple moving average of C$4.87.

About NovaGold Resources

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.