NOVAGOLD (NG) Looks Good: Stock Adds 7.6% in Session
NOVAGOLD RESOURCES INC. NG was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $3.88 to $4.20 in the past one-month time frame.
The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
NOVAGOLD currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Novagold Resources Inc. Price
Novagold Resources Inc. Price | Novagold Resources Inc. Quote
Another stock worth considering in the Mining - Gold industry is Asanko Gold Inc. AKG which also carries a Zacks Rank #2.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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