The stock of NovaGold Resources Inc. (USA) (NYSEMKT:NG) is a huge mover today! About 1.67 million shares traded hands. NovaGold Resources Inc. (USA) (NYSEMKT:NG) has declined 24.12% since March 10, 2016 and is downtrending. It has underperformed by 31.64% the S&P500.
The move comes after 5 months positive chart setup for the $1.36 billion company. It was reported on Oct, 13 by Barchart.com. We have $6.17 PT which if reached, will make NYSEMKT:NG worth $639.20 million more.
According to Zacks Investment Research, “NovaGold Resources is a gold and copper company engaged in the exploration and development of mineral properties in Alaska and Western Canada. The Company is rapidly moving to production at its hundred percent owned Nome Operations in Alaska, which includes Rock Creek, Big Hurrah and Nome Gold. NovaGold recently announced its partnership with Teck Cominco to build the Galore Creek copper-gold mine in northwestern British Columbia, with NovaGold and Teck Cominco each owning 50% of the project once Teck Cominco has completed its partnership requirements.”
Another recent and important NovaGold Resources Inc. (USA) (NYSEMKT:NG) news was published by Business.Financialpost.com which published an article titled: “NovaGold Resources Inc upgraded as spotlight may shift” on September 27, 2016.
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