Shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK – Get Free Report) (TSE:NDM) rose 7.3% on Thursday . The stock traded as high as $2.10 and last traded at $2.1250. Approximately 1,153,968 shares changed hands during trading, a decline of 88% from the average daily volume of 9,909,813 shares. The stock had previously closed at $1.98.
Northern Dynasty Minerals Stock Performance
The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of -23.94 and a beta of 0.60. The company has a 50 day moving average price of $1.73 and a two-hundred day moving average price of $1.85.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Brookstone Capital Management acquired a new position in Northern Dynasty Minerals in the 4th quarter valued at $26,000. Merit Financial Group LLC acquired a new position in Northern Dynasty Minerals in the 4th quarter valued at $26,000. Investment Planning Advisors Inc. acquired a new position in Northern Dynasty Minerals in the 4th quarter valued at $26,000. Kovack Advisors Inc. acquired a new position in Northern Dynasty Minerals in the 4th quarter valued at $27,000. Finally, Webster Bank N. A. acquired a new position in Northern Dynasty Minerals in the 4th quarter valued at $30,000. 10.55% of the stock is owned by institutional investors and hedge funds.
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.
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