NovaGold Resources (NYSE:NG) Stock Price Down 3.4%

NovaGold Resources Inc. (NYSE:NGGet Rating)’s share price dropped 3.4% on Wednesday . The stock traded as low as $5.59 and last traded at $5.63. Approximately 20,249 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 1,634,824 shares. The stock had previously closed at $5.83.

Separately, StockNews.com initiated coverage on shares of NovaGold Resources in a research note on Thursday, March 31st. They issued a “sell” rating on the stock.

The company has a current ratio of 68.08, a quick ratio of 68.08 and a debt-to-equity ratio of 1.71. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of -44.85 and a beta of 0.76.

NovaGold Resources Company Profile (NYSE: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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