Insider Selling: NovaGold Resources Inc. (NYSEAMERICAN:NG) Director Sells 27,063 Shares of Stock

NovaGold Resources Inc. (NYSEAMERICAN:NG) (TSE:NG) Director Igor Levental sold 27,063 shares of NovaGold Resources stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $5.55, for a total value of $150,199.65. Following the completion of the sale, the director now owns 198,573 shares of the company’s stock, valued at $1,102,080.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

NG opened at $5.88 on Friday. NovaGold Resources Inc. has a 1 year low of $3.41 and a 1 year high of $5.97.

NovaGold Resources (NYSEAMERICAN:NG) (TSE:NG) last posted its earnings results on Wednesday, June 26th. The mining company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02).

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV purchased a new stake in shares of NovaGold Resources during the first quarter worth about $43,000. Miracle Mile Advisors LLC purchased a new stake in shares of NovaGold Resources during the first quarter worth about $96,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of NovaGold Resources during the second quarter worth about $136,000. Shell Asset Management Co. grew its stake in shares of NovaGold Resources by 28.7% during the first quarter. Shell Asset Management Co. now owns 23,741 shares of the mining company’s stock worth $99,000 after acquiring an additional 5,300 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. grew its stake in shares of NovaGold Resources by 42.3% during the fourth quarter. Pin Oak Investment Advisors Inc. now owns 23,985 shares of the mining company’s stock worth $95,000 after acquiring an additional 7,125 shares during the last quarter.

Separately, Zacks Investment Research lowered GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th.

About NovaGold Resources

NovaGold Resources Inc primarily explores for and develops gold mineral properties in Canada and the United States. Its principal asset is the Donlin Gold property covering an area of 71,420 acres 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.

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Insider Buying and Selling by Quarter for NovaGold Resources (NYSEAMERICAN:NG)

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