NovaGold Resources (TSE:NG) Reaches New 1-Year High at $9.42

NovaGold Resources Inc. (TSE:NG) (AMEX:NG) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$9.42 and last traded at C$9.39, with a volume of 181164 shares. The stock had previously closed at C$9.16.

The company has a market capitalization of $2.78 billion and a price-to-earnings ratio of -27.42. The company has a debt-to-equity ratio of 66.84, a quick ratio of 75.66 and a current ratio of 76.65. The company has a fifty day moving average of C$8.10.

NovaGold Resources (TSE:NG) (AMEX:NG) last announced its quarterly earnings results on Wednesday, June 26th. The mining company reported C($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of C($0.03). Research analysts expect that NovaGold Resources Inc. will post -0.04 earnings per share for the current year.

In other NovaGold Resources news, Director Anthony P. Walsh sold 56,691 shares of NovaGold Resources stock in a transaction on Friday, June 28th. The stock was sold at an average price of C$7.69, for a total transaction of C$435,953.79. Also, Director Clynton R. Nauman sold 62,712 shares of NovaGold Resources stock in a transaction on Thursday, August 8th. The shares were sold at an average price of C$9.00, for a total value of C$564,408.00. Following the sale, the director now directly owns 126,802 shares in the company, valued at approximately C$1,141,218. In the last three months, insiders sold 475,604 shares of company stock worth $3,686,574.

NovaGold Resources Company Profile (TSE:NG)

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.

Further Reading: Outperform Rating

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