Shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK – Get Free Report) (TSE:NDM) fell 7.4% on Monday . The company traded as low as $1.43 and last traded at $1.4350. 3,238,946 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 12,635,611 shares. The stock had previously closed at $1.55.
Northern Dynasty Minerals Stock Down 0.7%
The business has a fifty day moving average of $1.98 and a 200 day moving average of $1.71. The company has a market cap of $761.44 million, a P/E ratio of -11.33 and a beta of 0.09.
Institutional Investors Weigh In On Northern Dynasty Minerals
A number of large investors have recently modified their holdings of NAK. Cubist Systematic Strategies LLC purchased a new position in shares of Northern Dynasty Minerals during the first quarter valued at about $25,000. Raymond James Financial Inc. purchased a new position in shares of Northern Dynasty Minerals during the 2nd quarter worth approximately $31,000. Marex Group plc purchased a new position in shares of Northern Dynasty Minerals during the 2nd quarter worth approximately $43,000. Kingsview Wealth Management LLC raised its position in shares of Northern Dynasty Minerals by 85.6% in the 2nd quarter. Kingsview Wealth Management LLC now owns 32,525 shares of the mining company’s stock worth $44,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. purchased a new position in shares of Northern Dynasty Minerals in the 2nd quarter valued at approximately $54,000. Institutional investors own 10.55% of the company’s stock.
About Northern Dynasty Minerals
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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