Northern Dynasty Minerals (NYSEAMERICAN:NAK) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.50 and traded as high as $2.01. Northern Dynasty Minerals shares last traded at $1.97, with a volume of 4,443,386 shares trading hands.

Northern Dynasty Minerals Trading Down 1.5%

The stock has a market cap of $1.09 billion, a PE ratio of -16.42 and a beta of -0.06. The company’s 50 day moving average is $1.93 and its 200-day moving average is $1.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cubist Systematic Strategies LLC purchased a new stake in Northern Dynasty Minerals during the 1st quarter worth approximately $25,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Northern Dynasty Minerals by 37.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 18,320 shares of the mining company’s stock worth $26,000 after buying an additional 5,000 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Northern Dynasty Minerals in the second quarter worth $31,000. Ballentine Partners LLC raised its holdings in Northern Dynasty Minerals by 121.0% in the second quarter. Ballentine Partners LLC now owns 28,237 shares of the mining company’s stock valued at $38,000 after acquiring an additional 15,459 shares in the last quarter. Finally, Plancorp LLC acquired a new stake in Northern Dynasty Minerals in the first quarter valued at $38,000. Hedge funds and other institutional investors own 10.55% of the company’s stock.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. is a mineral exploration and development company headquartered in Vancouver, British Columbia, with primary operations focused on North America. The company is publicly listed on the NYSE American and the Toronto Stock Exchange under the symbol NAK. Established in 1985, Northern Dynasty has built its business around the identification, evaluation and advancement of large-scale mineral resources, leveraging its expertise in geology, engineering and environmental planning.

The company’s flagship asset is the Pebble Project, located in the Bristol Bay region of southwestern Alaska.