NovaGold Resources Inc. (NYSEAMERICAN:NG) VP Sells $111,728.82 in Stock

NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) VP David A. Ottewell sold 26,166 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $4.27, for a total value of $111,728.82. Following the completion of the sale, the vice president now owns 619,999 shares of the company’s stock, valued at approximately $2,647,395.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSEAMERICAN NG traded up $0.03 during trading hours on Friday, reaching $4.47. The stock had a trading volume of 311,457 shares, compared to its average volume of 1,250,089. NovaGold Resources Inc. has a 52-week low of $3.41 and a 52-week high of $4.82.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last announced its quarterly earnings results on Tuesday, April 2nd. The mining company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01.

Separately, Zacks Investment Research lowered NovaGold Resources from a “buy” rating to a “hold” rating in a report on Thursday, June 6th.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV purchased a new stake in NovaGold Resources during the first quarter worth $43,000. OLD Mission Capital LLC purchased a new stake in NovaGold Resources during the first quarter worth $46,000. SlateStone Wealth LLC purchased a new stake in NovaGold Resources during the fourth quarter worth $49,000. Hsbc Holdings PLC purchased a new stake in NovaGold Resources during the first quarter worth $65,000. Finally, Natixis purchased a new stake in NovaGold Resources during the first quarter worth $96,000.

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NovaGold Resources Company Profile

NovaGold Resources Inc primarily explores for and develops gold mineral properties in Canada and the United States. Its principal asset is the Donlin Gold property covering an area of 71,420 acres located in the Kuskokwim region of southwestern Alaska. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc in March 1987.

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