Novagold Resources Inc (NG) Files Form 4 Insider Selling : & Co. Inc. Paulson Sells 1,129,771 Shares

Novagold Resources Inc (NG): & Co. Inc. Paulson , 10% owner of Novagold Resources Inc sold 1,129,771 shares on Apr 11, 2016. The Insider selling transaction was reported by the company on Apr 13, 2016 to the Securities and Exchange Commission. The shares were sold at $6.15 per share for a total value of $6,951,029.00 according the SEC Form 4 Filing.

Currently the company Insiders own 31% of NovaGold Resources (USA) shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -4.73%.Institutional Investors own 43.47% of NovaGold Resources (USA) shares.During last six month period, the net percent change held by insiders has seen a change of -4.73%.

NovaGold Resources (USA): On Monday, Apr 11, 2016 heightened volatility was witnessed in NovaGold Resources (USA) which led to swings in the share price. The shares opened for trading at $5.91 and hit $6.25 on the upside , eventually ending the session at $6.1, with a gain of 5.90% or 0.34 points. The heightened volatility saw the trading volume jump to 56,52,346 shares. The 52-week high of the share price is $6.25 and the company has a market cap of $1,950 M . The 52-week low of the share price is at $2.65.

NovaGold Resources  (USA) Money Flow Index Chart

NOVAGOLD RESOURCES INC. (NOVAGOLD) is engaged in the exploration and development of mineral properties. The Company operates in the mining industry focused on the exploration for and development of gold and copper mineral properties. The Company’s principal assets include a 50% interest in the Donlin Gold project in Alaska the United States and a 50% interest in the Galore Creek project in British Columbia Canada. The Company’s primary focus is on the Donlin Gold project. The Donlin Gold project is owned and operated by Donlin Gold LLC a limited liability company that is owned equally by wholly owned subsidiaries of NOVAGOLD and Barrick Gold Corporation (Barrick). The Galore Creek project is owned by the Galore Creek Partnership a partnership in which NOVAGOLD Canada Inc a wholly owned subsidiary of NOVAGOLD owns approximately 50% interest. The Company has no operations or realized revenues from its planned principal business purpose.

Leave a Reply

NovaGold Resources (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on NovaGold Resources (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.