NovaGold Resources Inc. (TSE:NG) Senior Officer Melanie Hennessey Sells 35,650 Shares

NovaGold Resources Inc. (TSE:NGGet Rating) (AMEX:NG) Senior Officer Melanie Hennessey sold 35,650 shares of the stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of C$8.10, for a total transaction of C$288,765.00. Following the sale, the insider now owns 610,847 shares of the company’s stock, valued at C$4,947,860.70.

Melanie Hennessey also recently made the following trade(s):

  • On Tuesday, March 1st, Melanie Hennessey sold 41,720 shares of NovaGold Resources stock. The stock was sold at an average price of C$9.06, for a total transaction of C$377,983.20.

Shares of NG opened at C$7.57 on Friday. The company has a debt-to-equity ratio of 171.83, a current ratio of 68.08 and a quick ratio of 67.66. NovaGold Resources Inc. has a one year low of C$7.51 and a one year high of C$12.58. The company has a 50-day simple moving average of C$9.45 and a two-hundred day simple moving average of C$9.07. The firm has a market capitalization of C$2.52 billion and a PE ratio of -45.88.

NovaGold Resources (TSE:NGGet Rating) (AMEX:NG) last issued its quarterly earnings data on Tuesday, April 5th. The mining company reported C($0.04) EPS for the quarter, missing the consensus estimate of C($0.03) by C($0.01). Analysts expect that NovaGold Resources Inc. will post -0.1 EPS for the current fiscal year.

Separately, Royal Bank of Canada initiated coverage on shares of NovaGold Resources in a report on Monday, February 7th. They issued a “hold” rating and a C$8.00 price objective for the company.

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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