Novagold Resources Inc’s filing revealed 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 $379.04 million.
RBC Capital Mkts upgraded its Novagold Resources Inc [NG] rating to an Outperform from a a Sector perform in a research note published recently. A number of analysts have revised their coverage, including National Bank Financial’s analysts, who began to cover the stock in mid July with a ‘”an Outperform”‘ rating. B. Riley FBR Inc. started covering the stock on December 19, 2017. It rated NG as “a Buy”.
Price Performance Review of NG
On Monday, Novagold Resources Inc [AMEX:NG] saw its stock fall -1.45%% to $4.08. Over the last five days, the stock has lost -7.90%. Novagold Resources Inc shares have risen nearly 25.93% since the year began. Nevertheless, the stocks have risen 22.52% 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.
Levels Of Support And Resistance For NG Stock
The 24-hour chart illustrates a support level at 4.01, which if violated will result in even more drops to 3.94. On the upside, there is a resistance level at 4.19. A further resistance level may holdings at 4.29.
How much short interest is there in Novagold Resources Inc?
A steep rise in short interest was recorded in Novagold Resources Inc stocks on 2025-05-30, growing by 1.75 million shares to a total of 11.38 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 9.62 million shares. There was a rise of 15.41%, which implies that there is a positive sentiment for the stock.
