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Saturday, June 3, 2023

Investors’ Patience Is Being Tested Right Now By NovaGold Resources Inc. (AMEX: NG)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for NovaGold Resources Inc. (NG) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $5.62. The NovaGold Resources Inc. has recorded 18,379 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted NOVAGOLD Announces Date of its 2023 Virtual Annual General Meeting of Shareholders and Nomination of Three New Directors.

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Stocks Info

NovaGold Resources Inc. is listed on the AMEX as a member of the Basic Materials sector and is a part of the Gold industry. At the end of the last regular session, the stock closed at $5.62 and fluctuated between $5.66 as its day high and $5.49 as its day low. The current market capitalization of NovaGold Resources Inc. is $1.90B. A total of 1.06 million shares were traded on the day, compared to an average of 1.03M shares.

In the most recent transaction, GARRETT DIANE R sold 14,950 shares of NG for 5.58 per share on May 03. After the transaction, the Director now owns 22,757 company shares. In a previous transaction on Apr 13, Dowdall Sharon sold 39,799 shares at 6.41 per share. NG shares that Director owns now total 45,519.

Among the insiders who sold shares, Walsh Anthony P. disposed of 12,479 shares on Jan 31 at a per-share price of $6.27. This resulted in the Director holding 41,751 shares of NG after the transaction. In another insider transaction, Ottewell David A. sold 71,186 shares at $5.96 per share on Dec 07. Company shares held by the Vice President & CFO now total 789,531.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for NG in the last 3 months, the mean price target is $8.35 with high estimates of $10.00 and low estimates of $7.00. In terms of 52-week highs and lows, NG has a high of $6.98 and a low of $4.06.

As of this writing, NG has an earnings estimate of -$0.02 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.01 per share and a lower estimate of -$0.03. The company reported an EPS of -$0.04 in the last quarter, which was -33.30% lower than expectations of -$0.03.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. NG’s latest balance sheet shows that the firm has $169.12M in Cash & Short Term Investments as of fiscal 2021. There were $116.13M in debt and $4.38M in liabilities at the time. Its Book Value Per Share was $0.06, while its Total Shareholder’s Equity was $78.28M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NG is Buy with a score of 5.00.

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