Novagold Resources (NG) Shares are Up 1.63%

Novagold Resources (NG) : Traders are bullish on Novagold Resources (NG) as it has outperformed the S&P 500 by a wide margin of 0.18% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.47%, relative to the S&P 500. The stock has risen by 1.63% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.36% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.68% and the 50-Day Moving Average is 7.14%.The 200 Day SMA reached 1.23%


Novagold Resources (NYSEMKT:NG): The stock opened in the green at $5.79 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $5.87 and a low of $5.52 for the day. The stock did not find buyers even at the lows and closed at $5.6 recording a loss of -1.93%. 2,246,905 shares exchanged hands during the trading day. The stock had closed at $5.6 in the previous days trading.

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 Companys 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 Companys 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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