NovaGold Resources (NYSEAMERICAN:NG) Stock Price Passes Above Two Hundred Day Moving Average of $0.00

NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $3.09. NovaGold Resources shares last traded at $2.93, with a volume of 1,935,059 shares changing hands.

NovaGold Resources Price Performance

The company has a debt-to-equity ratio of 3,250.59, a quick ratio of 65.41 and a current ratio of 65.41. The stock has a market capitalization of $979.70 million, a PE ratio of -22.54 and a beta of 1.07.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last released its quarterly earnings results on Wednesday, April 3rd. The mining company reported ($0.03) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On NovaGold Resources

A number of large investors have recently modified their holdings of NG. Paulson & CO. Inc. raised its position in shares of NovaGold Resources by 5.9% in the 4th quarter. Paulson & CO. Inc. now owns 23,541,483 shares of the mining company’s stock valued at $88,045,000 after purchasing an additional 1,315,183 shares during the last quarter. Van ECK Associates Corp increased its stake in NovaGold Resources by 10.8% during the 3rd quarter. Van ECK Associates Corp now owns 9,209,665 shares of the mining company’s stock valued at $35,365,000 after purchasing an additional 898,800 shares in the last quarter. Sun Valley Gold LLC raised its holdings in shares of NovaGold Resources by 62.4% in the third quarter. Sun Valley Gold LLC now owns 2,297,822 shares of the mining company’s stock worth $8,824,000 after buying an additional 883,260 shares during the last quarter. Kopernik Global Investors LLC lifted its stake in shares of NovaGold Resources by 6.9% during the fourth quarter. Kopernik Global Investors LLC now owns 10,926,195 shares of the mining company’s stock worth $40,864,000 after buying an additional 705,343 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of NovaGold Resources by 37.0% during the first quarter. Russell Investments Group Ltd. now owns 2,119,689 shares of the mining company’s stock worth $6,359,000 after buying an additional 572,273 shares during the period. Hedge funds and other institutional investors own 57.56% of the company’s stock.

NovaGold Resources Company Profile

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.