Novagold Resources Inc. (AMEX:NG) currently has a daily average trading volume of 2.50M but it saw 1472991 shares traded in last market. With a market cap of 1.03B USD, the company’s current market price of $3.07 came falling about -1.92 while comparing to the previous closing price of $3.13. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.97 and as low as $2.22.
Taking a look at 20-day trading activity of Novagold Resources Inc. (NG) gives us an average price of $3.04, while its current price level is -48.62% below from 52-week high level whereas it is 37.98% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.71 while that of 200 days or SMA-200 reads an average of $3.57. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.45% during that period while stretching the period over a month that increases to 5.56%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 54.39 which implies that the stock is in neutral territory.
B. Riley FBR Inc. also issued its recommendations for the stock as it initiated the price target for the stock is $7.
Over the week, NG’s stock price is moving -3.46% down while it is 17.18% when we observe its performance for the past one month. Year-to-date it is -17.91% down and over the past year, the stock is showing a downside performance of -47.79%.
Currently, Novagold Resources Inc.’s total number of outstanding shares is 334.25M. Company’s return on investment (ROI) stands at -128.95% and return on equity (ROE) at -1791.48%. Stock’s beta reads 1.04. Its return on asset (ROA) is -33.40% on average.
