Legal and Ethical Actions of NovaGold Resources Inc Term Paper

Legal and Ethical Actions of NovaGold Resources Inc - Term Paper ExampleSimilar class action lawsuits were alike filed in the Supreme Court of British Columbia and in the Ontario Superior Court of justice in Canada. The $28.0 million settlement was covered by insurance companies and the comp either did not have to payout from own resources low the terms and conditions. (Marketwire 2011) NovaGold commenced environmental studies in 1996, which consisted of Meteorology, wetlands delineation related to mineral resource estimates, aquatic studies in the main(prenominal) drainages, water quality studies, and some waste rock characterization. This was further expanded to terrestrial wildlife and avian surveys, luxuriant aquatic studies, ambient air monitoring and cultural site surveys. NovaGold is equipped fully to overcome any ch anyenges, even though it may require more time and with the progress of work, it will start demo in the sh ar price. NovaGold clearly understands its communi ty responsibilities and following all environmental norms would work to get all necessary permits to make the project most successful and only one of its kind in the world. (Safehaven 2010) Stocks of NovaGold are traded on NASDAQ, AMEX, and New York Stock Exchange. Revenue and Income From the latest results available for the year ended Nov 30, 2010, of NovaGold Resources Inc., it is seen that revenue has go to C$0.6M. Surprisingly, cost of goods sold has not gone down proportionately and it has remained at C$46.3M. losses have gone up to the tune of C$-203.5M. (NovaGold Financials 2010) Basic Financial Ratios & Industrial Comparison harvest-festival on Assets Net Income/ Total Assets stands negative at -5.17%, on industrial comparison it stands as the 60-80th percentile. A. happen on Capital Given as after-tax operating income by the book value of invested capital and that comes to -5.55%, on industrial comparison it stands as the 60-80th percentile. B. Return on Equity Net Inco me/Shareholders Equity stands at -34.48%, on industrial comparison it stands as the 40-60th percentile. Credit Ratios A. authoritative Ratio given over by watercourse Assets/Current Liabilities stands at 5.3 times on the industrial comparison, it stands as the 60-80th percentile. B. Quick Ratio given as Current Assets-Inventory/Current Liabilities stands at 5.1 times on the industrial comparison, it stands as the 60-80th percentile. Margin Ratios A. Gross Margin given as Revenue-Cost of goods sold/Revenue that stands at -7631.22%, on industrial comparison it stands as the 0-20th percentile. B. EBITDA Margin -9295.16%, on industrial comparison it stands as the 0-20th percentile. Debt-Equity Ratio Total Debt/ Total Equity stands at 20.5, on industrial comparison it stands as the 60-80th percentile. Total Liabilities/Total Assets 23.8, on industrial comparison it stands as the 60-80th percentile. (NovaGold Resources) Sales foretaste NovaGold is a company doing exploration activitie s in the field of precious metals and necessary development of mineral properties in Alaska, Canada, British Columbia and the United States. The Company spearheads its operations through wholly owned subsidiaries, partnerships, and joint ventures.