It’s Not Over Yet For 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. Most recently, Yahoo Finance reported about the stock as it publicized that SAVE THE DATE: NOVAGOLD 2023 Year-End Financial Results Release, Conference Call and Video Webcast.

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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 $3.52 and fluctuated between $3.5500 as its day high and $3.4600 as its day low. The current market capitalization of Novagold Resources Inc. is $1.18B. A total of 2.39 million shares were traded on the day, compared to an average of 1.68M shares.

In the most recent transaction, Lang Gregory A. sold 42,519 shares of NG for 4.16 per share on Nov 30. After the transaction, the President and CEO now owns 9,635 company shares. In a previous transaction on Nov 30, MADHAVPEDDI KALIDAS V sold 10,947 shares at 4.17 per share. NG shares that Director owns now total 49,875.

Among the insiders who sold shares, Lang Gregory A. disposed of 46,335 shares on Nov 29 at a per-share price of $4.21. This resulted in the President and CEO holding 9,635 shares of NG after the transaction. In another insider transaction, Lang Gregory A. sold 10,868 shares at $4.07 per share on Nov 28. Company shares held by the President and CEO now total 21,574.

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 $9.71 with high estimates of $13.44 and low estimates of $6.69. In terms of 52-week highs and lows, NG has a high of $6.98 and a low of $3.25.

As of this writing, NG has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0. The company reported an EPS of -$0.04 in the last quarter, which was -100.00% lower than expectations of -$0.02.

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 $0.00, 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 4.33.

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