NovaGold Resources (TSE:NG) Trading Down 0.5% – Time to Sell?

Shares of NovaGold Resources Inc. (TSE:NG) traded down 0.5% during mid-day trading on Monday . The company traded as low as C$4.05 and last traded at C$4.20. 280,173 shares traded hands during trading, an increase of 12% from the average session volume of 250,994 shares. The stock had previously closed at C$4.22.

Analyst Upgrades and Downgrades

Separately, National Bank Financial upgraded NovaGold Resources to a “hold” rating in a report on Friday, March 21st.

NovaGold Resources Trading Down 0.9 %

The firm has a 50 day moving average price of C$4.56 and a 200-day moving average price of C$4.87. The firm has a market cap of C$1.00 billion, a price-to-earnings ratio of -21.98 and a beta of 1.07.

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.