NovaGold Resources Inc. (TSE:NG – Get Free Report)’s share price shot up 6.2% on Friday . The company traded as high as C$5.17 and last traded at C$5.11. 433,333 shares were traded during trading, an increase of 77% from the average session volume of 244,268 shares. The stock had previously closed at C$4.81.
NovaGold Resources Stock Performance
The stock’s fifty day moving average price is C$4.63 and its two-hundred day moving average price is C$5.00. The company has a market cap of C$1.22 billion, a P/E ratio of -26.68 and a beta of 1.07.
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.
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