Insider Selling: Nieuwenhuyse Rick Van Sells 1,000 Shares of NovaGold Resources Stock (NG)
NovaGold Resources (NYSE:NG) Director Nieuwenhuyse Rick Van sold 1,000 shares of the stock on the open market in a transaction dated Monday, January 6th. The stock was sold at an average price of $3.00, for a total transaction of $3,000.00. Following the transaction, the director now directly owns 438,280 shares of the company’s stock, valued at approximately $1,314,840. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at RBC Capital cut their price target on shares of NovaGold Resources from $7.00 to $3.50 in a research note to investors on Monday, November 11th. They now have a “sector perform” rating on the stock.
NovaGold Resources (NYSE:NG) traded down 2.18% during mid-day trading on Tuesday, hitting $2.69. 1,505,625 shares of the company’s stock traded hands. NovaGold Resources has a one year low of $1.90 and a one year high of $5.03. The stock’s 50-day moving average is $2.35 and its 200-day moving average is $2.42. The company’s market cap is $851.8 million.
NovaGold Resources Inc (NYSE:NG) is a precious metals company, which is engaged in the exploration and development of mineral properties in Alaska, the United States and British Columbia, Canada.
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