Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Gap Up – Here’s What Happened
by Teresa Graham · The Cerbat GemShares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK – Get Free Report) (TSE:NDM) gapped up prior to trading 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 trading hands.
Northern Dynasty Minerals Stock Up 6.5%
The company has a market cap of $1.14 billion, a price-to-earnings ratio of -22.61 and a beta of 0.61. The firm has a 50 day moving average price of $1.95 and a two-hundred day moving average price of $1.88.
Institutional Investors Weigh In On Northern Dynasty Minerals
Institutional investors and hedge funds have recently made changes to their positions in the stock. Brookstone Capital Management acquired a new stake in shares of Northern Dynasty Minerals in the fourth quarter valued at about $26,000. Merit Financial Group LLC acquired a new stake in shares of Northern Dynasty Minerals in the fourth quarter valued at about $26,000. Investment Planning Advisors Inc. acquired a new stake in shares of Northern Dynasty Minerals in the fourth quarter valued at about $26,000. Kovack Advisors Inc. acquired a new stake in shares of Northern Dynasty Minerals in the fourth quarter valued at about $27,000. Finally, Webster Bank N. A. acquired a new stake in shares of Northern Dynasty Minerals in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 10.55% of the company’s stock.
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.