New Harbor Financial Group adds NovaGold Resources (USA) (NG) to its portfolio

NovaGold Resources (USA) (NG) : New Harbor Financial Group added new position in NovaGold Resources (USA) during the most recent quarter end. The investment management firm now holds 295 shares of NovaGold Resources (USA) which is valued at $1,233 , the company said in a statement filed on Oct 13, 2016 with the SEC.

Other Hedge Funds, Including , First Premier Bank sold out all of its stake in NG during the most recent quarter. The investment firm sold 10,000 shares of NG which is valued $41,800.Simplex Trading reduced its stake in NG by selling 16,761 shares or 57.82% in the most recent quarter. The Hedge Fund company now holds 12,229 shares of NG which is valued at $50,017. NovaGold Resources (USA) makes up approx 0.01% of Simplex Trading’s portfolio. Eqis Capital Management sold out all of its stake in NG during the most recent quarter. The investment firm sold 17,662 shares of NG which is valued $81,245.

NovaGold Resources (USA) closed down -0.19 points or -4.48% at $4.05 with 25,49,637 shares getting traded on Tuesday. Post opening the session at $4.26, the shares hit an intraday low of $4.02 and an intraday high of $4.26 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

Many Wall Street Analysts have commented on NovaGold Resources (USA). NovaGold Resources (USA) was Upgraded by JP Morgan to ” Overweight” on Sep 27, 2016.

NOVAGOLD RESOURCES INC. (NOVAGOLD) is engaged in the exploration and development of mineral properties. The Company operates in the mining industry focused on the exploration for and development of gold and copper mineral properties. The Company’s principal assets include a 50% interest in the Donlin Gold project in Alaska the United States and a 50% interest in the Galore Creek project in British Columbia Canada. The Company’s primary focus is on the Donlin Gold project. The Donlin Gold project is owned and operated by Donlin Gold LLC a limited liability company that is owned equally by wholly owned subsidiaries of NOVAGOLD and Barrick Gold Corporation (Barrick). The Galore Creek project is owned by the Galore Creek Partnership a partnership in which NOVAGOLD Canada Inc a wholly owned subsidiary of NOVAGOLD owns approximately 50% interest. The Company has no operations or realized revenues from its planned principal business purpose.

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