NovaGold Resources (USA) (NG) was Upgraded by JP Morgan to ” Overweight”. Earlier the firm had a rating of “Neutral ” on the company shares. JP Morgan advised their investors in a research report released on Sep 27, 2016.
NovaGold Resources (USA) closed down -0.06 points or -1.05% at $5.66 with 15,15,161 shares getting traded on Thursday. Post opening the session at $5.84, the shares hit an intraday low of $5.62 and an intraday high of $5.9 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Mar 4, 2016, David Deisley (Exec. VP & General Counsel) sold 106,582 shares at $6.95 per share price.
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.