Novagold Resources Inc (AMEX:NG) shares, rose in value on Wednesday, June 18, with the stock price down by -0.68% to the previous day’s close as strong demand from buyers drove the stock to $4.36.
Actively observing the price movement in the last trading, the stock closed the session at $4.39, falling within a range of $4.31 and $4.46. The value of beta (5-year monthly) was 0.923. Referring to stock’s 52-week performance, its high was $5.06, and the low was $2.26. On the whole, NG has fluctuated by 19.78% over the past month.
With the market capitalization of Novagold Resources Inc currently standing at about $1.67 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Apr-01.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NG’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of NG currently trading nearly 8.03% and 14.72% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.15, while the 7-day volatility ratio is showing 1.71% which for the 30-day chart, stands at 5.56%. Furthermore, Novagold Resources Inc (NG)’s beta value is 0.63, and its average true range (ATR) is 0.24.
A comparison of Novagold Resources Inc (NG) with its peers suggests the former has fared considerably weaker in the market. NG showed an intraday change of -0.68% in last session, and over the past year, it grew by 24.57%%.
Data on historical trading for Novagold Resources Inc (AMEX:NG) indicates that the trading volumes over the past 10 days have averaged 3.87 and over the past 3 months, they’ve averaged 4.93 million. According to company’s latest data on outstanding shares, there are 334.65 million shares outstanding.
Nearly 30.60% of Novagold Resources Inc’s shares belong to company insiders and institutional investors own 49.72% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.38 million shares as on 2025-05-30, resulting in a short ratio of 2.29. According to the data, the short interest in Novagold Resources Inc (NG) stood at 366.00 of shares outstanding as of 2025-05-30; the number of short shares registered in 2025-04-30 reached 9.62 million. The stock has risen by 30.93% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NG stock heading into the next quarter.
