Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Price Up 8.6% – What’s Next?

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) shares were up 8.6% on Thursday . The stock traded as high as $1.30 and last traded at $1.3360. Approximately 4,589,569 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 12,613,068 shares. The stock had previously closed at $1.23.

Northern Dynasty Minerals Trading Up 7.7%

The firm’s fifty day moving average price is $2.11 and its 200-day moving average price is $1.67. The company has a market cap of $741.84 million, a price-to-earnings ratio of -11.12 and a beta of 0.08.

Institutional Trading of Northern Dynasty Minerals

Large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Northern Dynasty Minerals during the second quarter worth about $17,117,000. GAM Holding AG bought a new stake in shares of Northern Dynasty Minerals in the second quarter worth $3,752,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Northern Dynasty Minerals by 100.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,466,300 shares of the mining company’s stock worth $1,983,000 after purchasing an additional 735,300 shares during the last quarter. XTX Topco Ltd boosted its holdings in Northern Dynasty Minerals by 232.7% during the second quarter. XTX Topco Ltd now owns 636,134 shares of the mining company’s stock worth $852,000 after purchasing an additional 444,950 shares during the last quarter. Finally, Hudson Bay Capital Management LP bought a new position in Northern Dynasty Minerals in the second quarter valued at $335,000. 10.55% of the stock is owned by institutional investors.

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.