NovaGold Resources Inc. (NG) Director Purchases $26,040.00 in Stock
NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) Director Diane R. Garrett acquired 7,000 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was purchased at an average cost of $3.72 per share, with a total value of $26,040.00. Following the completion of the purchase, the director now directly owns 9,718 shares of the company’s stock, valued at approximately $36,150.96. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of NYSEAMERICAN NG traded up $0.02 during trading on Thursday, reaching $3.79. The stock had a trading volume of 77,625 shares, compared to its average volume of 1,383,832. NovaGold Resources Inc. has a fifty-two week low of $3.35 and a fifty-two week high of $5.05.
NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last issued its quarterly earnings data on Tuesday, October 2nd. The mining company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01.
Large investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC purchased a new position in NovaGold Resources in the second quarter valued at $153,000. Virtu Financial LLC boosted its holdings in NovaGold Resources by 123.0% in the third quarter. Virtu Financial LLC now owns 34,650 shares of the mining company’s stock valued at $147,000 after purchasing an additional 19,110 shares during the period. OLD Mission Capital LLC purchased a new position in NovaGold Resources in the second quarter valued at $158,000. BlackRock Inc. boosted its holdings in NovaGold Resources by 131.9% in the second quarter. BlackRock Inc. now owns 46,718 shares of the mining company’s stock valued at $208,000 after purchasing an additional 26,572 shares during the period. Finally, Mackenzie Financial Corp purchased a new position in NovaGold Resources in the third quarter valued at $177,000.
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NovaGold Resources Company Profile
NovaGold Resources Inc explores for and develops mineral properties in Canada and the United States. The company primarily explores for gold, silver, and copper deposits. It primarily holds a 50% interest in the Donlin Gold property that covers an area of 71,420 acres located in the Kuskokwim region of southwestern Alaska.
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