NovaGold Resources Inc. (USA) (NYSE:NG)'S Warrants Generates $46.4 Million - GFI, IAG, EGO

Pompano Beach, FL -- (SBWIRE) -- 01/02/2013 -- No Limit Stocks - NOLIMITSTOCKS.com covers all the latest on up and coming stocks in the market. No limit Stocks team contain experts that study and analyzes the stock market and help individuals break through the limits and make them better & more successful investors.

NovaGold Resources Inc. (USA) (NYSE:NG) got proceeds of CAD$46.4 million on December 31, 2012 from the exercise of the total of the 31,337,278 share purchase warrants held by Electrum Strategic Resources L.P.

How Should Investors Trade NG Now? Don’t Miss out a Special Trend Analysis

The warrants, due to finish January 21, 2013, were exercisable at CAD$1.479(1) a share. Upon use of these warrants, the shares received by Electrum were inserted to their core NOVAGOLD holdings.

Electrum and its associate GRAT Holdings LLC now hold, in the collective, 84,569,479 shares or 27.2% of Novagold's issued and outstanding shares. The profits from the warrants exercise will be used for the development of Donlin Gold, NOVAGOLD's flagship asset.

So far today, NovaGold Resources Inc. (USA) (NYSEAMEX:NG) shares gained +7.21% to $4.84 while the stock is changing hands within a range of $4.65 – $4.83. In the past year, the stock has traded between $3.61 and $10.81. Its average daily trading volume is 1.70 million shares.

Will NG Continue To Move Higher? Find Out Here

Looking at other stocks within industry, Gold Fields Limited, IAMGOLD Corporation and Eldorado Gold Corp were in the gainers list. Let’s have a quick look on their Market performance.

Gold Fields Limited (ADR) (NYSE:GFI) shares are up +0.80% to $12.59 while the stock is trading within the range of $12.47 – $12.64 in the current trading session. In the last 12 months, shares have floated between $11.09 and $16.97. This stock, on average, has trading volume of 4.02 million shares.

Why Should Investors Buy GFI After The Recent Gain? Just Go Here and Find Out

In this session so far, IAMGOLD Corporation (USA) (NYSE:IAG) shares moved up +3.23% reaching $11.84. The stock is trading in a range of $11.73 – $12.00. In the last year the stock has moved within a range of $9.20 – $17.82. The Company’s average daily trading volume is 2.68 million shares.

For How Long IAG’s Gloss will Attract Investors? Find out via this report

Another rival company, Eldorado Gold Corp (USA) (NYSE:EGO), is trending +2.10% higher to $13.15. The stock price is hovering in range of $13.11 to $13.30. In the previous 52 weeks, shares price ranged between $9.78 and $16.20. Their average daily trading volume is 3.16 million shares.

What was the Moving Force behind EGO On Bullish Run? Read This Research Report

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