NovaGold Resources (NG) Shares Down 1.2% After Insider Selling

NovaGold Resources Inc. (TSE:NG) (AMEX:NG) fell 1.2% during mid-day trading on Wednesday following insider selling activity. The company traded as low as C$4.79 and last traded at C$4.80. 132,368 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 274,464 shares. The stock had previously closed at C$4.86.

Specifically, insider Gregory Anthony Lang sold 5,528 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of C$4.92, for a total value of C$27,197.76. Also, insider David Lee Deisley sold 8,970 shares of the stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of C$5.15, for a total transaction of C$46,195.50. Over the last quarter, insiders sold 174,602 shares of company stock valued at $881,812.

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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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