Gregory Anthony Lang Sells 54,280 Shares of NovaGold Resources Inc. (TSE:NG) Stock

NovaGold Resources Inc. (TSE:NGGet Rating) (AMEX:NG) Senior Officer Gregory Anthony Lang sold 54,280 shares of the company’s stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of C$10.27, for a total value of C$557,401.32. Following the transaction, the insider now directly owns 3,852 shares in the company, valued at C$39,556.19.

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

  • On Friday, March 11th, Gregory Anthony Lang sold 51,104 shares of NovaGold Resources stock. The shares were sold at an average price of C$9.82, for a total value of C$501,718.63.
  • On Tuesday, February 15th, Gregory Anthony Lang sold 22,193 shares of NovaGold Resources stock. The shares were sold at an average price of C$8.42, for a total value of C$186,867.28.

NovaGold Resources stock traded up C$0.12 during trading hours on Friday, hitting C$10.32. 152,200 shares of the stock traded hands, compared to its average volume of 158,733. The company has a debt-to-equity ratio of 148.35, a current ratio of 38.66 and a quick ratio of 38.66. The firm’s 50 day moving average price is C$9.46 and its 200-day moving average price is C$9.07. The stock has a market capitalization of C$3.44 billion and a price-to-earnings ratio of -67.01. NovaGold Resources Inc. has a 1 year low of C$7.62 and a 1 year high of C$12.58.

NovaGold Resources (TSE:NGGet Rating) (AMEX:NG) last posted its quarterly earnings results on Tuesday, April 5th. The mining company reported C($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.03) by C($0.01). Research analysts forecast that NovaGold Resources Inc. will post -0.09 earnings per share for the current fiscal year.

Separately, Royal Bank of Canada began coverage on NovaGold Resources in a research note on Monday, February 7th. They set a “hold” rating and a C$8.00 price target on the stock.

About NovaGold Resources (Get Rating)

NovaGold Resources Inc explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares 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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