NovaGold Resources Inc. (TSE:NG) (AMEX:NG) Director Igor Levental sold 27,063 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of C$7.26, for a total transaction of C$196,477.38. Following the completion of the sale, the director now owns 84,256 shares of the company’s stock, valued at approximately C$611,698.56.
Shares of NG stock opened at C$7.66 on Friday. The firm has a market capitalization of $2.37 billion and a PE ratio of -23.21. The company has a current ratio of 76.65, a quick ratio of 75.66 and a debt-to-equity ratio of 66.84. The company has a fifty day moving average price of C$6.36. NovaGold Resources Inc. has a one year low of C$4.49 and a one year high of C$7.80.
Separately, B. Riley set a $169.00 price target on shares of Intercept Pharmaceuticals and gave the company a “buy” rating in a research note on Friday, April 12th.
NovaGold Resources Inc explores for and develops mineral properties in Canada and the United States. The company primarily explores for gold, silver, and copper deposits. It primarily holds a 50% interest in the Donlin Gold property that covers an area of 71,420 acres located in the Kuskokwim region of southwestern Alaska.
Further Reading: What is Cost of Goods Sold (COGS)?
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