NovaGold Resources (TSE:NG) Shares Cross Above Fifty Day Moving Average of $11.31

NovaGold Resources Inc. (TSE:NG) (AMEX:NG) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.31 and traded as high as $11.96. NovaGold Resources shares last traded at $11.72, with a volume of 1,330,356 shares trading hands.

The stock has a fifty day moving average of C$11.31 and a 200-day moving average of C$10.05. The company has a quick ratio of 44.77, a current ratio of 44.97 and a debt-to-equity ratio of 75.23. The stock has a market capitalization of $3.85 billion and a price-to-earnings ratio of -139.53.

NovaGold Resources (TSE:NG) (AMEX:NG) last issued its quarterly earnings data on Wednesday, January 22nd. The mining company reported C($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of C($0.04) by C$0.01. On average, equities analysts forecast that NovaGold Resources Inc. will post -0.11 EPS for the current fiscal year.

In other news, Senior Officer David Ottewell sold 12,583 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of C$11.95, for a total transaction of C$150,316.52. Following the completion of the sale, the insider now owns 616,057 shares in the company, valued at C$7,359,416.92. Also, Senior Officer Gregory Anthony Lang sold 53,887 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of C$12.03, for a total value of C$648,260.61. Following the sale, the insider now owns 19,590 shares of the company’s stock, valued at approximately C$235,667.70. In the last quarter, insiders sold 201,694 shares of company stock valued at $2,464,189.

About NovaGold Resources (TSE:NG)

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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