NovaGold Resources Inc. (TSE:NG) (AMEX:NG)’s share price dropped 1.2% during trading on Wednesday after an insider sold shares in the company. The company traded as low as C$4.79 and last traded at C$4.80. Approximately 132,368 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 274,464 shares. The stock had previously closed at C$4.86.
Specifically, Director Nieuwenhuyse Rick Van sold 122,824 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of C$5.01, for a total transaction of C$615,348.24. Also, insider David Lee Deisley sold 17,202 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of C$5.27, for a total transaction of C$90,654.54. Over the last three months, insiders have sold 174,602 shares of company stock valued at $881,812.
COPYRIGHT VIOLATION NOTICE: “NovaGold Resources (NG) Shares Down 1.2% on Insider Selling” was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.com-unik.info/2017/12/06/novagold-resources-ng-shares-down-1-2-on-insider-selling.html.
About NovaGold Resources
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.
Receive News & Ratings for NovaGold Resources Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NovaGold Resources Inc. and related companies with MarketBeat.com's FREE daily email newsletter.