Insider Selling: NovaGold Resources Director Unloads 41,377 Shares of Stock (NG)
NovaGold Resources (NYSE:NG) Director Nieuwenhuyse Rick Van sold 41,377 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $2.82, for a total transaction of $116,683.14. Following the completion of the sale, the director now directly owns 564,840 shares of the company’s stock, valued at approximately $1,592,849. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of NovaGold Resources (NYSE:NG) traded down 2.97% during mid-day trading on Wednesday, hitting $2.61. 2,064,864 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 $2.36 and its 200-day moving average is $2.4. The company’s market cap is $826.4 million.
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 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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