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 $391.12 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 Friday, Novagold Resources Inc [AMEX:NG] saw its stock fall -4.54% to $4.21. Over the last five days, the stock has gained 17.60%. Novagold Resources Inc shares have risen nearly 26.43% since the year began. Nevertheless, the stocks have risen 10.21% 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 $3.56, while 200 days put it at $3.55.
Levels Of Support And Resistance For NG Stock
The 24-hour chart illustrates a support level at 4.08, which if violated will result in even more drops to 3.95. On the upside, there is a resistance level at 4.40. A further resistance level may holdings at 4.59. The Relative Strength Index (RSI) on the 14-day chart is 59.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.60%. Stochastics %K at 72.97% indicates the stock is a holding.
