Novagold Resources Inc’s recent filing unveils that its 10% Owner Electrum Strategic Resources L acquired Company’s shares for reported $50.0 million on May 09 ’25. In the deal valued at $3.75 per share,13,333,334 shares were bought. As a result of this transaction, Electrum Strategic Resources L now holds 92,902,813 shares worth roughly $321.44 million.
National Bank Financial initiated its Novagold Resources Inc [NG] rating to an Outperform in a research note published recently. B. Riley FBR Inc. began covering NG with “Buy” recommendation on December 19, 2017. JP Morgan revised its rating on September 27, 2016. It rated NG as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of NG
On Monday, Novagold Resources Inc [AMEX:NG] saw its stock fall -8.47% to $3.46. Over the last five days, the stock has lost -16.02%. Novagold Resources Inc shares have risen nearly 3.90% since the year began. Nevertheless, the stocks have risen 14.95% over the past one year. While a 52-week high of $5.06 was reached on 04/24/25, a 52-week low of $2.26 was recorded on 04/08/25. SMA at 50 days reached $3.40, while 200 days put it at $3.62.
Levels Of Support And Resistance For NG Stock
The 24-hour chart illustrates a support level at 3.29, which if violated will result in even more drops to 3.13. On the upside, there is a resistance level at 3.70. A further resistance level may holdings at 3.95. The Relative Strength Index (RSI) on the 14-day chart is 44.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.67%. Stochastics %K at 23.06% indicates the stock is a holding.
The most recent change occurred on October 17, 2011 when RBC Capital Mkts resumed its ‘”a Sector perform”‘ rating for the stock and retained the price target to $11.
