NG’s latest rating updates from top analysts.


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.

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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.

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