David A. Ottewell Sells 14,040 Shares of NovaGold Resources Inc. (NYSEAMERICAN:NG) Stock
NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) VP David A. Ottewell sold 14,040 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $7.09, for a total transaction of $99,543.60. Following the transaction, the vice president now owns 592,265 shares in the company, valued at approximately $4,199,158.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NG stock traded down $0.11 during mid-day trading on Friday, reaching $6.92. 2,830,000 shares of the stock traded hands, compared to its average volume of 1,942,359. NovaGold Resources Inc. has a one year low of $3.41 and a one year high of $7.13.
NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last posted its quarterly earnings data on Wednesday, June 26th. The mining company reported ($0.02) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.02).
Separately, Zacks Investment Research upgraded shares of NovaGold Resources from a “sell” rating to a “hold” rating in a research report on Friday, July 26th.
About NovaGold Resources
NovaGold Resources Inc primarily explores for and develops gold mineral properties in Canada and the United States. Its principal asset is the Donlin Gold property covering an area of 71,420 acres 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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