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Novagold posts loss of $10 million in 1st quarter

VANCOUVER – VANCOUVER, British Columbia (AP) _ Novagold Resources Inc. (NG) on Monday reported a loss of $10 million in its fiscal first quarter.

On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 3 cents.

Novagold shares have risen 20 per cent since the beginning of the year. In the final minutes of trading on Monday, shares hit $5.05, an increase of 61 per cent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NG at http://www.zacks.com/ap/NG

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Keywords: Novagold, Earnings Report