Novagold Resources Inc. (AMEX:NG) price on Thursday, May 30, rose 8.05% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.09.
A look at the stock’s price movement, the level at last check in today’s session was $3.79. Turning to its 52-week performance, $5.51 and $2.22 were the 52-week high and 52-week low respectively. Overall, NG moved 41.21% over the past month.
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Novagold Resources Inc.’s market cap currently stands at around $1.37 billion.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NG is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
NG’s current price about 25.57% and 32.19% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 78.56, while 7-day volatility ratio is 3.71% and 4.31% in the 30-day chart. Further, Novagold Resources Inc. (NG) has a beta value of 1.16, and an average true range (ATR) of 0.17.
If we refocus on Novagold Resources Inc. (AMEX:NG), historical trading data shows that trading volumes averaged 1.92 million over the past 3 months. The company’s latest data on shares outstanding shows there are 334.25 million shares.
The 26.68% of Novagold Resources Inc.’s shares are in the hands of company insiders while institutional holders own 56.56% of the company’s shares. Current price change has pushed the stock 9.49% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NG stock continues to rise going into the next quarter.
