Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock 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 Friday . The stock has a 200-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 traded.

Northern Dynasty Minerals Trading Down 5.4%

The firm has a 50 day moving average price of $1.97 and a 200 day moving average price of $1.55. The stock has a market capitalization of $1.07 billion, a PE ratio of -15.92 and a beta of -0.06.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its holdings in Northern Dynasty Minerals by 37.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 18,320 shares of the mining company’s stock worth $26,000 after acquiring an additional 5,000 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Northern Dynasty Minerals in the first quarter worth $25,000. Raymond James Financial Inc. bought a new stake in shares of Northern Dynasty Minerals during the 2nd quarter valued at $31,000. Ballentine Partners LLC lifted its stake 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 valued at $38,000 after buying an additional 15,459 shares in the last quarter. Finally, Dakota Wealth Management bought a new position in Northern Dynasty Minerals in the 2nd quarter worth $40,000. 10.55% of the stock is 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.