Insider Selling: NovaGold Resources Inc. (NYSEAMERICAN:NG) Director Sells $150,199.65 in Stock

NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) Director Igor Levental sold 27,063 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $5.55, for a total transaction of $150,199.65. Following the completion of the transaction, the director now directly owns 198,573 shares of the company’s stock, valued at $1,102,080.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NG stock opened at $5.88 on Friday. NovaGold Resources Inc. has a fifty-two week low of $3.41 and a fifty-two week high of $5.97.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last posted its earnings results on Wednesday, June 26th. The mining company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02).

Separately, Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a report on Thursday, July 4th.

Hedge funds have recently bought and sold shares of the stock. Campbell & CO Investment Adviser LLC bought a new stake in NovaGold Resources in the second quarter worth $136,000. Exor Investments UK LLP lifted its position in NovaGold Resources by 11.6% in the second quarter. Exor Investments UK LLP now owns 6,573,905 shares of the mining company’s stock worth $38,852,000 after buying an additional 684,000 shares during the last quarter. FMR LLC lifted its position in NovaGold Resources by 0.7% in the first quarter. FMR LLC now owns 24,349,227 shares of the mining company’s stock worth $101,489,000 after buying an additional 166,039 shares during the last quarter. Shell Asset Management Co. lifted its position in NovaGold Resources by 28.7% in the first quarter. Shell Asset Management Co. now owns 23,741 shares of the mining company’s stock worth $99,000 after buying an additional 5,300 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in NovaGold Resources by 24.9% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 225,020 shares of the mining company’s stock worth $938,000 after buying an additional 44,812 shares during the last quarter.

NovaGold Resources Company Profile

NovaGold Resources Inc primarily explores for and develops gold mineral properties in Canada and the United States. Its principal asset is the Donlin Gold property covering an area of 71,420 acres 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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Insider Buying and Selling by Quarter for NovaGold Resources (NYSEAMERICAN:NG)

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