There’s No Need To Panic Or Freeze When It Comes To 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.

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Stocks Info

The company is listed on the AMEX and operates within the Gold industry segment. The current market capitalization of Novagold Resources Inc. is $1.05B. A total of 3.88 million shares were traded on the day, compared to an average of 2.51M shares.

In the most recent transaction, Lang Gregory A. sold 42,519 shares of NG for 4.16 per share on Nov 30 ’23. After the transaction, the President and CEO now owns 9,635 company shares. In a previous transaction on Nov 30 ’23, 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 ’23 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 ’23. Company shares held by the President and CEO now total 21,574.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, NG has a high of $6.51 and a low of $2.22.

As of this writing, NG has an earnings estimate of $NGN/ISX per share for the current quarter. EPS was calculated based on a consensus of NGN/BRX estimates, with a high estimate of $NGN/EUR per share and a lower estimate of $NGN/GBP.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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 -$0.05, while its Total Shareholder’s Equity was $78.28M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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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