NovaGold Resources (NG) Stock Price Down 8.2%

NovaGold Resources Inc. (TSE:NG) (AMEX:NG) shares dropped 8.2% on Thursday . The company traded as low as C$4.99 and last traded at C$5.38. Approximately 458,489 shares changed hands during mid-day trading, an increase of 194% from the average daily volume of 156,112 shares. The stock had previously closed at C$4.97.

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

The company has a market capitalization of $1,610.00, a P/E ratio of -34.86 and a beta of -0.32.

In other news, Director Nieuwenhuyse Rick Van sold 122,824 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of C$5.01, for a total transaction of C$615,348.24. Also, insider Gregory Anthony Lang sold 5,778 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of C$4.88, for a total transaction of C$28,196.64. Insiders have sold 144,614 shares of company stock valued at $724,939 in the last three months.

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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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