NovaGold Resources (NYSEAMERICAN:NG) Shares Down 3.7%

NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) was down 3.7% during trading on Monday . The stock traded as low as $3.36 and last traded at $3.37. Approximately 127,423 shares traded hands during trading, a decline of 94% from the average daily volume of 2,053,004 shares. The stock had previously closed at $3.50.

NovaGold Resources Trading Down 8.3 %

The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -25.38 and a beta of 1.17.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last posted its earnings results on Wednesday, April 3rd. The mining company reported ($0.03) EPS for the quarter.

Institutional Investors Weigh In On NovaGold Resources

Large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of NovaGold Resources in the 1st quarter valued at approximately $28,000. Sheaff Brock Investment Advisors LLC acquired a new position in NovaGold Resources during the first quarter valued at approximately $32,000. HTLF Bank bought a new stake in NovaGold Resources during the fourth quarter worth $67,000. Oak Thistle LLC bought a new stake in NovaGold Resources during the fourth quarter worth $75,000. Finally, Algert Global LLC acquired a new stake in shares of NovaGold Resources in the 3rd quarter valued at $96,000. Institutional investors and hedge funds own 57.56% of the company’s stock.

NovaGold Resources Company Profile

NovaGold Resources Inc explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares 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.