NovaGold Resources (NYSEAMERICAN:NG) Stock Price Down 2.9%

NovaGold Resources Inc. (NYSEAMERICAN:NGGet Rating) (TSE:NG) was down 2.9% during trading on Friday . The stock traded as low as $5.35 and last traded at $5.36. Approximately 21,524 shares traded hands during trading, a decline of 99% from the average daily volume of 1,630,978 shares. The stock had previously closed at $5.52.

The stock has a market cap of $1.79 billion, a price-to-earnings ratio of -46.00 and a beta of 0.65. The company has a quick ratio of 38.66, a current ratio of 38.66 and a debt-to-equity ratio of 1.48.

NovaGold Resources (NYSEAMERICAN:NGGet Rating) (TSE:NG) last released its quarterly earnings data on Tuesday, April 5th. The mining company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). On average, research analysts predict that NovaGold Resources Inc. will post -0.09 EPS for the current year.

In other NovaGold Resources news, CEO Gregory A. Lang sold 54,280 shares of the firm’s stock in a transaction that occurred on Thursday, April 14th. The stock was sold at an average price of $8.15, for a total transaction of $442,382.00. Following the completion of the sale, the chief executive officer now owns 3,852 shares in the company, valued at approximately $31,393.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 29.05% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Centiva Capital LP bought a new stake in NovaGold Resources during the 3rd quarter valued at $28,000. Whittier Trust Co. raised its stake in shares of NovaGold Resources by 100.0% in the 4th quarter. Whittier Trust Co. now owns 10,000 shares of the mining company’s stock worth $69,000 after buying an additional 5,000 shares in the last quarter. Keene & Associates Inc. acquired a new stake in shares of NovaGold Resources during the fourth quarter worth $69,000. St. Johns Investment Management Company LLC raised its position in shares of NovaGold Resources by 545.0% during the first quarter. St. Johns Investment Management Company LLC now owns 9,900 shares of the mining company’s stock worth $77,000 after purchasing an additional 8,365 shares during the period. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of NovaGold Resources during the first quarter worth $78,000. Institutional investors and hedge funds own 52.50% of the company’s stock.

About NovaGold Resources (NYSEAMERICAN:NG)

NovaGold Resources Inc explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares located in the Kuskokwim region of southwestern Alaska. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc in March 1987.

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