NovaGold Resources Director Nieuwenhuyse Rick Van Sells 126,000 Shares (NG)
NovaGold Resources (NYSE:NG) Director Nieuwenhuyse Rick Van sold 126,000 shares of the company’s stock on the open market in a transaction dated Friday, January 17th. The shares were sold at an average price of $3.25, for a total transaction of $409,500.00. Following the completion of the transaction, the director now directly owns 438,840 shares of the company’s stock, valued at approximately $1,426,230. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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.
Shares of NovaGold Resources (NYSE:NG) traded up 4.33% on Tuesday, hitting $3.13. 1,735,963 shares of the company’s stock traded hands. NovaGold Resources has a 1-year low of $1.90 and a 1-year high of $4.87. The stock’s 50-day moving average is $2.49 and its 200-day moving average is $2.47. The company’s market cap is $991.1 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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