Insider Selling: NovaGold Resources Inc. (TSE:NG) Director Sells 27,063 Shares of Stock
NovaGold Resources Inc. (TSE:NG) (AMEX:NG) Director Igor Levental sold 27,063 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of C$7.26, for a total transaction of C$196,477.38. Following the completion of the transaction, the director now directly owns 84,256 shares in the company, valued at C$611,698.56.
Shares of NovaGold Resources stock opened at C$7.66 on Friday. The company has a market cap of $2.37 billion and a price-to-earnings ratio of -23.21. The company has a quick ratio of 75.66, a current ratio of 76.65 and a debt-to-equity ratio of 66.84. The firm’s 50 day moving average is C$6.36. NovaGold Resources Inc. has a 1 year low of C$4.49 and a 1 year high of C$7.80.
Separately, B. Riley set a $169.00 target price on shares of Intercept Pharmaceuticals and gave the company a “buy” rating in a report on Friday, April 12th.
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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