Novagold Resources (NASDAQ:NG) Shares Down 0.7%

Novagold Resources Inc. (NASDAQ:NG) traded down 0.7% during mid-day trading on Tuesday . The company traded as low as $6.62 and last traded at $6.65, 95,579 shares traded hands during trading. A decline of 95% from the average session volume of 2,031,240 shares. The stock had previously closed at $6.70.

Separately, BidaskClub downgraded shares of Novagold Resources from a “buy” rating to a “hold” rating in a report on Friday, November 15th.

The stock’s fifty day moving average price is $6.76 and its 200-day moving average price is $6.22.

Novagold Resources (NASDAQ:NG) last announced its quarterly earnings results on Tuesday, October 1st. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.02).

About Novagold Resources (NASDAQ:NG)

NovaGold Resources Inc explores for and develops mineral properties in Canada and the United States. The company primarily explores for gold, silver, and copper deposits. It primarily holds a 50% interest in the Donlin Gold property that covers an area of 71,420 acres located in the Kuskokwim region of southwestern Alaska.

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