NG Stock Summary and Trading Ideas (Novagold Resources | AMEX:NG)

Novagold Resources Inc is a mineral exploration company engaged in the exploration and development of mineral properties. The company owns 50% of the Donlin Gold project, which is located in southwestern Alaska, approximately 20 kilometers north of the village of Crooked Creek on the Kuskokwim River.

Novagold Resources trades on the AMEX stock market under the symbol NG.

As of April 24, 2024, NG stock price declined to $2.85 with 1,175,921 million shares trading.

NG has a beta of 0.20, meaning it tends to be less sensitive to market movements. NG has a correlation of 0.00 to the broad based SPY ETF.

NG has a market cap of $952.96 million. This is considered a Small Cap stock.

In the last 3 years, NG stock traded as high as $10.45 and as low as $2.23.

The top ETF exchange traded funds that NG belongs to (by Net Assets): GDXJ, IWM, IWO, VTWO, VTWG.

NG has underperformed the market in the last year with a price return of -48.7% while the SPY ETF gained +24.2%. NG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -17.9% and -13.1%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

NG support price is $2.80 and resistance is $3.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NG stock will trade within this expected range on the day.