🟢 NovaGold Resources is trading 5.94% up in after-hours trading with no clear company-specific catalyst

NovaGold Resources is trading 5.94% higher at $6.60 in after-hours trading, with no clear company-specific explanation for the rebound.

• It closed October 22 at $6.23 after a regular-session decline of 4.30%.
• Gold prices fell more than 1% on October 22 amid rising oil prices, inflation concerns and expectations for higher-for-longer interest rates, pressuring gold-related shares.
• The broader market also declined, but those moves do not explain the after-hours rise.