Insider Selling: NovaGold Resources Inc. (TSE:NG) Senior Officer Sells 57,971 Shares of Stock

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NovaGold Resources Inc. (TSE:NG) (AMEX:NG) Senior Officer Gregory Anthony Lang sold 57,971 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$8.57, for a total value of C$496,811.47. Following the sale, the insider now owns 105,483 shares of the company’s stock, valued at C$903,989.31.

Gregory Anthony Lang also recently made the following trade(s):

  • On Friday, August 30th, Gregory Anthony Lang sold 50,225 shares of NovaGold Resources stock. The shares were sold at an average price of C$9.94, for a total value of C$499,236.50.
  • On Thursday, August 1st, Gregory Anthony Lang sold 57,976 shares of NovaGold Resources stock. The stock was sold at an average price of C$8.36, for a total value of C$484,679.36.
  • On Monday, July 15th, Gregory Anthony Lang sold 44,116 shares of NovaGold Resources stock. The stock was sold at an average price of C$7.91, for a total value of C$348,957.56.

Shares of TSE:NG traded down C$0.51 during midday trading on Friday, hitting C$8.28. The company had a trading volume of 426,900 shares, compared to its average volume of 272,187. The business’s 50-day simple moving average is C$8.97 and its 200-day simple moving average is C$7.22. The company has a debt-to-equity ratio of 70.75, a current ratio of 51.49 and a quick ratio of 50.88. The stock has a market cap of $2.71 billion and a price-to-earnings ratio of -102.22. NovaGold Resources Inc. has a twelve month low of C$4.57 and a twelve month high of C$10.55.

Separately, JPMorgan Chase & Co. raised their target price on NovaGold Resources from C$8.00 to C$12.00 in a research report on Wednesday, August 14th.

NovaGold Resources Company Profile

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.

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Insider Buying and Selling by Quarter for NovaGold Resources (TSE:NG)

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