News coverage about NovaGold Resources (NYSEMKT:NG) (TSE:NG) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NovaGold Resources earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the mining company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Unusual Activity Spotted in NovaGold Resources Inc (NG.TO) – Evergreen Caller (evergreencaller.com)
- NovaGold Resources Inc. (NG) has a value of $4.15 per share While Domtar Corporation (UFS) is stand at $38.35 – Stocks Gallery (stocksgallery.com)
- NovaGold Resources Inc. (NG) locked -3.55% down from its SMA-50 – Street Observer (press release) (streetobserver.com)
- Tale of the Ticker: NovaGold Resources Inc (NG) Moves on Volume – Evergreen Caller (evergreencaller.com)
- NovaGold Resources Inc (NG) Technical Stock Indicators in Focus – Danville Daily (danvilledaily.com)
A number of analysts have weighed in on the company. BidaskClub cut NovaGold Resources from a “hold” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research cut NovaGold Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th.
NovaGold Resources (NYSEMKT:NG) traded up 1.01% during trading on Friday, reaching $4.01. The company’s stock had a trading volume of 1,996,545 shares. The stock’s market cap is $1.29 billion. NovaGold Resources has a 1-year low of $3.78 and a 1-year high of $6.66. The company’s 50 day moving average price is $4.45 and its 200-day moving average price is $4.69.
In related news, VP David A. Ottewell sold 43,224 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $4.65, for a total transaction of $200,991.60. Following the sale, the vice president now owns 788,540 shares of the company’s stock, valued at approximately $3,666,711. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gillyeard J. Leathley sold 7,000 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $5.65, for a total value of $39,550.00. Following the sale, the director now directly owns 84,940 shares in the company, valued at approximately $479,911. The disclosure for this sale can be found here.
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NovaGold Resources Company Profile
Novagold Resources Inc is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company’s segments include the Donlin Gold project in Alaska, the United States and the Galore Creek project in British Columbia, Canada. The Company operates in the gold mining industry, primarily focused on advancing permitting of the Donlin Gold project in Alaska.
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