NovaGold Resources Inc. (USA) (AMEX:NG)
About NovaGold Resources Inc. (USA) (AMEX:NG) NovaGold Resources Inc. (NovaGold) is a precious metals company, which is engaged in the exploration and development of mineral properties in Alaska, the United States and British Columbia, Canada. The Company conducts its operations through wholly owned subsidiaries, partnerships and joint ventures. The Company is primarily focused on gold properties, some of which also have copper, silver and zinc resources. On January 8, 2009, the Company completed the sale of its holdings in Alexco Resource Corp. On October 16, 2009, the Company sold its wholly owned subsidiary, Murray Brook Resources Inc. On January 7, 2010, NovaGold and its wholly owned subsidiary, Alaska Gold Company, purchased a 100% interest in the Ambler property in northern Alaska.
52 week range
$4.69 - $16.90
Financials NovaGold Resources Inc. (USA) (AMEX:NG) NovaGold Resources Inc. (USA) (AMEX:NG) generated current quarterly total revenue $0.46 million that are slightly greater than last quarter closing that was $0.19 million. Grossprofit and net income has also increased in current quarter. The companyâ€™s cash flow from operations has decreased enormously to negative $4.48.36 million from last quarter ending cash flow of negative $3.42 million. That is not a strong sign and it could face grim problems to repay debts. Total assets of company mount up to $8.22 billion as of 31st August, 2010 that is 2.30% less than last quarter ending but It managed to maintain the Current ratio. The companyâ€™s total equity is also gradually increasing which depicts that company is going to have less funding liquidity problems and more funds available to invest in future profitable opportunities.
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Published on Jan 24, 2011
About NovaGold Resources Inc. (USA) (AMEX:NG) NovaGold Resources Inc. (USA) (AMEX:NG) The company’s cash flow from operations has decreased...