NovaGold Resources Inc.

NovaGold Resources Inc.verified

NG.TO

Price:

$5.75

Market Cap:

$1.42B

NovaGold Resources Inc. explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares located in the Kuskokwim region of southwestern Alaska. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc. in March 1987. NovaGold Resources Inc. was incorporated in 1984 and is based in Vancouver, Canada.[Read more]

Industry

Gold

IPO Date

1996-08-13

Stock Exchange

TSX

Ticker

NG.TO

The Current Ratio as of September 2024 (TTM) for NovaGold Resources Inc. (NG.TO) is 29.28

According to NovaGold Resources Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 29.28. This represents a change of -27.05% compared to the average of 40.14 of the last 4 quarters.

NovaGold Resources Inc. (NG.TO) Historical Current Ratio (quarterly & annually)

How has NG.TO Current Ratio performed in the past?

The mean historical Current Ratio of NovaGold Resources Inc. over the last ten years is 35.74. The current 29.28 Current Ratio has changed 8.09% with respect to the historical average. Over the past ten years (40 quarters), NG.TO's Current Ratio was at its highest in in the February 2021 quarter at 119.02. The Current Ratio was at its lowest in in the November 2014 quarter at 8.79.

Quarterly (TTM)
Annual

Average

35.74

Median

36.08

Minimum

8.79

Maximum

55.97

NovaGold Resources Inc. (NG.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of NovaGold Resources Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 320.49%

Maximum Annual Current Ratio = 55.97

Minimum Annual Increase = -80.55%

Minimum Annual Current Ratio = 8.79

Quarterly (TTM)
Annual
YearCurrent RatioChange
202332.57-1.80%
202233.17-14.21%
202138.66-30.92%
202055.9724.45%
201944.97-2.83%
201846.2886.67%
201724.79-29.53%
201635.18-4.85%
201536.97320.49%
20148.79-80.55%

NovaGold Resources Inc. (NG.TO) Average Current Ratio

How has NG.TO Current Ratio performed in the past?

The current Current Ratio of NovaGold Resources Inc. (NG.TO) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

34.80

5-year avg

41.07

10-year avg

35.74

NovaGold Resources Inc. (NG.TO) Current Ratio vs. Peers

How is NG.TO’s Current Ratio compared to its peers?

NovaGold Resources Inc.’s Current Ratio is greater than Centerra Gold Inc. (3.79), greater than Alamos Gold Inc. (3.04), greater than MAG Silver Corp. (28.03), greater than Seabridge Gold Inc. (2.11), greater than Eldorado Gold Corporation (3.62),

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Frequently asked questions❓

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