Shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK – Get Free Report) (TSE:NDM) gapped up before the market opened on Monday . The stock had previously closed at $1.91, but opened at $2.05. Northern Dynasty Minerals shares last traded at $1.9550, with a volume of 1,207,341 shares changing hands.
Northern Dynasty Minerals Stock Down 1.5%
The company’s fifty day moving average price is $1.97 and its 200-day moving average price is $1.89. The stock has a market capitalization of $1.09 billion, a PE ratio of -21.56 and a beta of 0.61.
Hedge Funds Weigh In On Northern Dynasty Minerals
Several large investors have recently made changes to their positions in NAK. CenterBook Partners LP purchased a new position in Northern Dynasty Minerals in the 3rd quarter worth approximately $2,444,000. TD Asset Management Inc purchased a new position in Northern Dynasty Minerals in the 3rd quarter worth approximately $839,000. OLIO Financial Planning purchased a new position in Northern Dynasty Minerals in the 4th quarter worth approximately $44,000. Investment Planning Advisors Inc. purchased a new position in Northern Dynasty Minerals in the 4th quarter worth approximately $26,000. Finally, One Plus One Wealth Management LLC raised its holdings in Northern Dynasty Minerals by 61.5% in the 4th quarter. One Plus One Wealth Management LLC now owns 26,008 shares of the mining company’s stock worth $51,000 after acquiring an additional 9,908 shares during the last quarter. 10.55% of the stock is currently owned by hedge funds and other 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.
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