Why is novagold down

All other things being equal, higher the dividend yield of the stock, the better it is for investors. Face value of a stock is the value ascribed to the stock as per the balance sheet of the company. The dividend declared by a company is usually declared as a percentage of face value. Volume Weighted Average Price represents the average price of a security over a particular time period example one trading day weighted by the volume traded at each price point.

This represents the 52 week high and low price of the security. It is also the 1 year high and low of the security. This represents the highest and lowest price touched by the security during the past 52 weeks or 1 year including today. Book value represents the value arrived at by subtracting the total liabilities from the total assets of the company.

On dividing this value with the total number of shares outstanding for the company, we can arrive at book value per share. Book value is also known as Net Asset Value of a company. The market capitalization here is taken for the fully paid-up equity share of the company. No Recommendations details available for this stock. Check out other stock recos. NovaGold Petro-Resources Ltd. For the quarter ended , the company has reported a Standalone Total Income of Rs.

Company has reported net profit after tax of Rs -. Jitendra Shah, Mr. Satish Vadilal Raval, Mr. Taraben Bhatt. As on , the company has a total of. Show More. You are advised to exercise caution, discretion and independent judgment with regards to the same and seek advice from professionals and certified experts before taking any decisions.

Nifty 18, Zomato Ltd. Market Watch. ET NOW. Brand Solutions. Video series featuring innovators. ET Financial Inclusion Summit. Malaria Mukt Bharat. Wealth Wise Series How they can help in wealth creation. Reversing course from the 1. Along with its partner Barrick Gold , Novagold Resources is engaged in the development of its principal asset, the Donlin Gold project, located in Alaska.

A cursory glance at the price of gold and Novagold's stock may confound investors since the price of gold rose 1. Narrowing our focus to the end of the month, however, we find that the price of the yellow stuff dipped lower, scaring investors of this volatile gold company, while this fear, undoubtedly, was exacerbated by insiders selling shares as well as the overall fear of the novel coronavirus. Since there's a strong correlation between movements in the price of gold and the stocks of gold miners, the drop in Novagold's stock isn't very surprising.

Working to bring the Donlin Gold project to fruition, Novagold Resources doesn't currently generate revenue, making it one of the more high-risk plays among gold-oriented stocks.

So when the price of gold started to tumble late in February -- at the same time the market sell-off was shaking investors' overall confidence -- shareholders decided to leave their positions.

NG data by YCharts. Another factor which stoked investors' fears was insider selling during February. Throughout the month, David Ottewell, Novagold's Chief Financial Officer, sold 54, shares and disposed of 52, shares. For investors who are keen on Novagold's long-term prospects developing the Donlin Gold project, the stock's downward movement last month is much ado about nothing. After all, insiders may sell shares for a variety of reasons; it's not solely an indication of an executive's lack of confidence in the company.

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