Northern Dynasty Minerals (NYSEAMERICAN:NAK) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.55 and traded as high as $2.08. Northern Dynasty Minerals shares last traded at $1.91, with a volume of 11,536,413 shares.

Northern Dynasty Minerals Stock Down 5.4%

The firm’s fifty day moving average is $1.97 and its two-hundred day moving average is $1.55. The firm has a market cap of $1.07 billion, a P/E ratio of -15.92 and a beta of -0.06.

Hedge Funds Weigh In On Northern Dynasty Minerals

Several hedge funds and other institutional investors have recently modified their holdings of NAK. Wealth Enhancement Advisory Services LLC raised its stake in Northern Dynasty Minerals by 37.5% in the second 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. Smith Anglin Financial LLC grew its holdings in shares of Northern Dynasty Minerals by 8.0% during the 2nd quarter. Smith Anglin Financial LLC now owns 135,000 shares of the mining company’s stock worth $181,000 after acquiring an additional 10,000 shares during the period. 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. Ballentine Partners LLC lifted its stake in shares of Northern Dynasty Minerals by 121.0% in the 2nd quarter. Ballentine Partners LLC now owns 28,237 shares of the mining company’s stock valued at $38,000 after purchasing an additional 15,459 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of Northern Dynasty Minerals by 65.0% during the second quarter. Cetera Investment Advisers now owns 46,505 shares of the mining company’s stock valued at $62,000 after purchasing an additional 18,315 shares in the last quarter. Hedge funds and other institutional investors own 10.55% of the company’s stock.

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.