NovaGold Resources Inc. (TSE:NG – Get Free Report)’s share price traded up 24% during trading on Thursday . The company traded as high as C$6.53 and last traded at C$6.41. 1,907,457 shares changed hands during trading, an increase of 384% from the average session volume of 394,140 shares. The stock had previously closed at C$5.17.
Wall Street Analyst Weigh In
A number of research firms have issued reports on NG. Royal Bank of Canada raised NovaGold Resources from a “hold” rating to a “moderate buy” rating in a research note on Wednesday. National Bank Financial upgraded shares of NovaGold Resources to a “hold” rating in a research report on Friday, March 21st.
Check Out Our Latest Analysis on NG
NovaGold Resources Trading Down 5.0%
NovaGold Resources Company Profile
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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