NovaGold Resources Inc. (NG) VP David Deisley Sells 7,000 Shares

NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) VP David Deisley sold 7,000 shares of the stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $3.82, for a total transaction of $26,740.00. Following the completion of the sale, the vice president now owns 787,456 shares in the company, valued at $3,008,081.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

David Deisley also recently made the following trade(s):

  • On Tuesday, December 4th, David Deisley sold 42,231 shares of NovaGold Resources stock. The shares were sold at an average price of $3.80, for a total transaction of $160,477.80.
  • On Tuesday, October 23rd, David Deisley sold 66,028 shares of NovaGold Resources stock. The shares were sold at an average price of $4.28, for a total transaction of $282,599.84.
  • On Thursday, October 18th, David Deisley sold 30,400 shares of NovaGold Resources stock. The shares were sold at an average price of $4.29, for a total transaction of $130,416.00.

Shares of NG stock traded up $0.16 during trading hours on Friday, hitting $3.92. The company’s stock had a trading volume of 3,193,148 shares, compared to its average volume of 1,392,080. NovaGold Resources Inc. has a twelve month low of $3.35 and a twelve month high of $5.05.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last released its quarterly earnings results on Tuesday, October 2nd. The mining company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01.

A number of hedge funds and other institutional investors have recently made changes to their positions in NG. Virtu Financial LLC boosted its position in NovaGold Resources by 123.0% during the third quarter. Virtu Financial LLC now owns 34,650 shares of the mining company’s stock worth $147,000 after acquiring an additional 19,110 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in NovaGold Resources during the second quarter worth approximately $153,000. OLD Mission Capital LLC acquired a new stake in NovaGold Resources during the second quarter worth approximately $158,000. Mackenzie Financial Corp acquired a new stake in NovaGold Resources during the third quarter worth approximately $177,000. Finally, Cedar Wealth Management LLC boosted its position in NovaGold Resources by 316.0% during the third quarter. Cedar Wealth Management LLC now owns 49,260 shares of the mining company’s stock worth $183,000 after acquiring an additional 37,420 shares during the last quarter.

Separately, Zacks Investment Research lowered shares of NovaGold Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday.

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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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