Insider Selling: NovaGold Resources Inc. (NG) Director Sells 150,000 Shares of Stock
NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) Director Nieuwenhuyse Rick Van sold 150,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $3.94, for a total value of $591,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
NovaGold Resources Inc. (NYSEAMERICAN:NG) traded down $0.07 during trading on Tuesday, hitting $3.76. The stock had a trading volume of 1,088,987 shares, compared to its average volume of 2,194,949. NovaGold Resources Inc. has a 1-year low of $3.76 and a 1-year high of $6.21.
A number of analysts have recently weighed in on NG shares. BidaskClub lowered NovaGold Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research raised NovaGold Resources from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th.
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About NovaGold Resources
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.
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