NovaGold Resources Inc. (NYSEMKT:NG) (TSE:NG) Director Gillyeard J. Leathley sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $5.65, for a total value of $39,550.00. Following the sale, the director now directly owns 84,940 shares of the company’s stock, valued at approximately $479,911. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NovaGold Resources Inc. (NG) traded down 0.88% during midday trading on Monday, hitting $4.52. The stock had a trading volume of 2,449,776 shares. The firm has a 50-day moving average price of $4.22 and a 200-day moving average price of $4.73. The firm’s market capitalization is $1.45 billion. NovaGold Resources Inc. has a 1-year low of $3.78 and a 1-year high of $7.27.

ILLEGAL ACTIVITY NOTICE: “NovaGold Resources Inc. (NG) Director Sells $39,550.00 in Stock” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/17/novagold-resources-inc-ng-director-sells-39550-00-in-stock.html.

Separately, BidaskClub raised NovaGold Resources from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quantitative Investment Management LLC raised its position in NovaGold Resources by 2.0% in the first quarter. Quantitative Investment Management LLC now owns 200,000 shares of the mining company’s stock worth $974,000 after buying an additional 3,900 shares during the last quarter. Legacy Capital Partners Inc. raised its position in NovaGold Resources by 19.9% in the first quarter. Legacy Capital Partners Inc. now owns 31,300 shares of the mining company’s stock worth $153,000 after buying an additional 5,200 shares during the last quarter. Legal & General Group Plc raised its position in NovaGold Resources by 31.8% in the first quarter. Legal & General Group Plc now owns 36,023 shares of the mining company’s stock worth $174,000 after buying an additional 8,700 shares during the last quarter. OppenheimerFunds Inc. raised its position in NovaGold Resources by 10.0% in the first quarter. OppenheimerFunds Inc. now owns 110,000 shares of the mining company’s stock worth $536,000 after buying an additional 10,000 shares during the last quarter. Finally, Levin Capital Strategies L.P. raised its position in NovaGold Resources by 2.5% in the first quarter. Levin Capital Strategies L.P. now owns 608,180 shares of the mining company’s stock worth $2,962,000 after buying an additional 15,000 shares during the last quarter.

NovaGold Resources Company Profile

Novagold Resources Inc is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company’s segments include the Donlin Gold project in Alaska, the United States and the Galore Creek project in British Columbia, Canada. The Company operates in the gold mining industry, primarily focused on advancing permitting of the Donlin Gold project in Alaska.

Receive News & Ratings for NovaGold Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NovaGold Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.