NovaGold Resources (NG) Hits New 52-Week Low After Insider Selling

NovaGold Resources Inc. (TSE:NG) (AMEX:NG)’s share price reached a new 52-week low on Tuesday after an insider sold shares in the company. The company traded as low as C$4.81 and last traded at C$4.86, with a volume of 88492 shares. The stock had previously closed at C$4.92.

Specifically, Director Nieuwenhuyse Rick Van sold 122,824 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of C$5.01, for a total transaction of C$615,348.24. Also, insider David Lee Deisley sold 8,970 shares of the firm’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of C$5.15, for a total value of C$46,195.50. In the last three months, insiders have sold 174,602 shares of company stock valued at $881,812.

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About NovaGold Resources

Novagold Resources Inc is a mineral exploration company. The Company is engaged in the exploration and development of mineral properties. The Company’s segments include the Donlin Gold project in Alaska, the United States and the Galore Creek project in British Columbia, Canada. The Company operates in the gold mining industry, primarily focused on advancing permitting of the Donlin Gold project in Alaska.

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