NovaGold Resources Inc. (NG.TO) (TSE:NG) Sets New 52-Week Low at $0.01

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NovaGold Resources Inc. (NG.TO) (TSE:NG) (AMEX:NG) hit a new 52-week low during trading on Wednesday . The company traded as low as C$0.01 and last traded at C$0.01, with a volume of 242101 shares trading hands. The stock had previously closed at C$12.38.

The stock has a market capitalization of C$4.02 billion and a price-to-earnings ratio of -117.90. The stock’s 50 day moving average is C$12.90 and its 200 day moving average is C$13.29. The company has a current ratio of 63.25, a quick ratio of 40.25 and a debt-to-equity ratio of 94.21.

In other NovaGold Resources Inc. (NG.TO) news, Senior Officer Gregory Anthony Lang sold 91,723 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of C$14.55, for a total value of C$1,334,569.65. Following the transaction, the insider now directly owns 8,453 shares in the company, valued at approximately C$122,991.15. Also, Senior Officer Melanie Hennessey sold 54,425 shares of the company’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of C$14.77, for a total transaction of C$803,857.25. Following the completion of the transaction, the insider now owns 526,475 shares in the company, valued at C$7,776,035.75. Over the last three months, insiders sold 306,263 shares of company stock worth $4,247,605.

NovaGold Resources Inc. (NG.TO) Company Profile (TSE:NG)

NovaGold Resources Inc primarily explores for and develops gold mineral properties in the United States. Its principal asset is the 50% interest owned Donlin Gold project consisting of 493 mining claims 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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