Shares of NovaGold Resources Inc. (NYSE:NG – Get Rating) shot up 6.6% during trading on Friday . The stock traded as high as $4.40 and last traded at $4.36. 36,271 shares were traded during mid-day trading, a decline of 98% from the average session volume of 1,546,538 shares. The stock had previously closed at $4.09.

NovaGold Resources Stock Performance

The company has a fifty day moving average price of $4.81. The company has a debt-to-equity ratio of 2.14, a current ratio of 51.94 and a quick ratio of 51.94. The firm has a market cap of $1.43 billion, a PE ratio of -31.43 and a beta of 0.80.

NovaGold Resources (NYSE:NG – Get Rating) last issued its quarterly earnings results on Wednesday, June 29th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). As a group, analysts forecast that NovaGold Resources Inc. will post -0.12 earnings per share for the current year.

About NovaGold Resources

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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