NovaGold Resources Inc. (NG) Senior Officer David Ottewell Sells 85,583 Shares
NovaGold Resources Inc. (TSE:NG) (AMEX:NG) Senior Officer David Ottewell sold 85,583 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$5.56, for a total transaction of C$475,841.48. Following the completion of the sale, the insider now owns 558,540 shares of the company’s stock, valued at C$3,105,482.40.
David Ottewell also recently made the following trade(s):
- On Monday, March 11th, David Ottewell sold 58 shares of NovaGold Resources stock. The shares were sold at an average price of C$5.65, for a total transaction of C$327.70.
Shares of TSE NG opened at C$5.73 on Friday. The stock has a market capitalization of $1.80 billion and a PE ratio of -16.37. The company has a quick ratio of 46.12, a current ratio of 46.28 and a debt-to-equity ratio of 60.06. NovaGold Resources Inc. has a 52 week low of C$4.49 and a 52 week high of C$6.47.
Separately, Royal Bank of Canada reduced their target price on shares of NovaGold Resources from C$7.50 to C$6.50 in a research report on Thursday, December 13th.
About NovaGold Resources
NovaGold Resources Inc explores for and develops mineral properties in Canada and the United States. The company primarily explores for gold, silver, and copper deposits. It primarily holds a 50% interest in the Donlin Gold property that covers an area of 71,420 acres located in the Kuskokwim region of southwestern Alaska.
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