Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Price Up 9.3% – What’s Next?

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) rose 9.3% during trading on Thursday . The company traded as high as $2.14 and last traded at $2.1750. Approximately 4,715,495 shares traded hands during trading, a decline of 55% from the average daily volume of 10,400,076 shares. The stock had previously closed at $1.99.

Northern Dynasty Minerals Price Performance

The business’s fifty day moving average is $1.92 and its two-hundred day moving average is $1.41. The stock has a market capitalization of $1.19 billion, a PE ratio of -17.92 and a beta of -0.11.

Institutional Investors Weigh In On Northern Dynasty Minerals

Several institutional investors have recently modified their holdings of NAK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Northern Dynasty Minerals during the second quarter worth approximately $17,117,000. GAM Holding AG bought a new stake in Northern Dynasty Minerals during the 2nd quarter valued at $3,752,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Northern Dynasty Minerals by 100.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,466,300 shares of the mining company’s stock worth $1,983,000 after buying an additional 735,300 shares during the period. XTX Topco Ltd lifted its holdings in shares of Northern Dynasty Minerals by 232.7% in the 2nd quarter. XTX Topco Ltd now owns 636,134 shares of the mining company’s stock worth $852,000 after buying an additional 444,950 shares during the period. Finally, Nations Financial Group Inc. IA ADV bought a new position in shares of Northern Dynasty Minerals during the 1st quarter worth $460,000. 10.55% of the stock is owned by institutional investors.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in the Pebble Copper-Gold-Molybdenum-Silver-Rhenium project comprising 1,840 mineral claims that covers an area of approximately 274 square miles located in southwest Alaska, the United States.