Novagold Resources (NG) Shares are Up 9.43%

Novagold Resources (NG) has been under a strong bear grip, hence the stock is down -0.83% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 9.51% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 9.43% in the last 1 week, and is up 2.5% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 2.8% and the 50-Day Moving Average is 10.92%. NovaGold Resources Inc. is up 7.24% in the last 3-month period. Year-to-Date the stock performance stands at 65.32%.


Novagold Resources (NYSEMKT:NG): stock turned positive on Friday. Though the stock opened at $6.84, the bulls momentum made the stock top out at $7.08 level for the day. The stock recorded a low of $6.73 and closed the trading day at $6.96, in the green by 4.50%. The total traded volume for the day was 2,624,655. The stock had closed at $6.66 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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