Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.53 and traded as high as $2.19. Northern Dynasty Minerals shares last traded at $2.13, with a volume of 7,604,985 shares trading hands.

Northern Dynasty Minerals Stock Performance

The stock has a market capitalization of $1.18 billion, a P/E ratio of -17.75 and a beta of -0.06. The stock has a 50-day simple moving average of $1.94 and a 200 day simple moving average of $1.53.

Hedge Funds Weigh In On Northern Dynasty Minerals

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC acquired a new position in shares of Northern Dynasty Minerals during the 1st quarter worth about $25,000. Wealth Enhancement Advisory Services LLC lifted its position in Northern Dynasty Minerals by 37.5% during the 2nd 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 Northern Dynasty Minerals during the 2nd quarter worth about $31,000. Ballentine Partners LLC increased its position in shares of Northern Dynasty Minerals by 121.0% during the 2nd quarter. Ballentine Partners LLC now owns 28,237 shares of the mining company’s stock worth $38,000 after purchasing an additional 15,459 shares during the last quarter. Finally, Dakota Wealth Management acquired a new stake in Northern Dynasty Minerals in the second quarter valued at $40,000. 10.55% of the stock is owned by institutional investors.

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.