NG’s latest rating updates from top analysts.

CALM

Novagold Resources Inc.’s recent filing unveils that its President and CEO Lang Gregory A. unloaded Company’s shares for reported $0.18 million on Nov 30. In the deal valued at $4.16 per share,42,519 shares were sold. As a result of this transaction, Lang Gregory A. now holds 9,635 shares worth roughly $25436.4.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

Then, MADHAVPEDDI KALIDAS V sold 10,947 shares, generating $45,649 in total proceeds. Upon selling the shares at $4.17, the Director now owns 49,875 shares.

Before that, Lang Gregory A. sold 46,335 shares. Novagold Resources Inc. shares valued at $195,070 were divested by the President and CEO at a price of $4.21 per share. As a result of the transaction, Lang Gregory A. now holds 9,635 shares, worth roughly $25436.4.

National Bank Financial initiated its Novagold Resources Inc. [NG] rating to an Outperform in a research note published recently.

Price Performance Review of NG

On Tuesday, Novagold Resources Inc. [AMEX:NG] saw its stock fall -5.71% to $2.64. Over the last five days, the stock has lost -23.92%. Novagold Resources Inc. shares have fallen nearly -29.41% since the year began. Nevertheless, the stocks have fallen -58.23% over the past one year. While a 52-week high of $6.68 was reached on 01/02/24, a 52-week low of $2.71 was recorded on 01/30/24. SMA at 50 days reached $3.68, while 200 days put it at $4.26. A total of 2.99 million shares were traded, compared to the trading of 2.82 million shares in the previous session.

Levels Of Support And Resistance For NG Stock

The 24-hour chart illustrates a support level at 2.55, which if violated will result in even more drops to 2.46. On the upside, there is a resistance level at 2.78. A further resistance level may holdings at 2.92. The Relative Strength Index (RSI) on the 14-day chart is 18.46, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.28%. Stochastics %K at 5.09% indicates the stock is a buying.

How much short interest is there in Novagold Resources Inc.?

A steep rise in short interest was recorded in Novagold Resources Inc. stocks on Jan 11, 2024, growing by 0.5 million shares to a total of 8.32 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 7.82 million shares. There was a rise of 6.01%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.53% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.85.

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular