Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Cross Above 200-Day Moving Average of $0.00

Shares of Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAKGet Rating) (TSE:NDM) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $0.27. Northern Dynasty Minerals shares last traded at $0.26, with a volume of 896,562 shares trading hands.

Northern Dynasty Minerals Stock Performance

The firm has a market capitalization of $136.74 million, a price-to-earnings ratio of -5.16 and a beta of 1.00.

Northern Dynasty Minerals (NYSEAMERICAN:NAKGet Rating) (TSE:NDM) last released its earnings results on Monday, August 15th. The mining company reported ($0.01) EPS for the quarter. Equities analysts predict that Northern Dynasty Minerals Ltd. will post -0.04 earnings per share for the current year.

Institutional Investors Weigh In On Northern Dynasty Minerals

Several institutional investors have recently added to or reduced their stakes in NAK. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Northern Dynasty Minerals by 20.7% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,080,061 shares of the mining company’s stock worth $2,627,000 after purchasing an additional 1,728,752 shares during the period. Cadinha & Co. LLC lifted its position in shares of Northern Dynasty Minerals by 25.0% in the 2nd quarter. Cadinha & Co. LLC now owns 500,000 shares of the mining company’s stock worth $130,000 after purchasing an additional 100,000 shares during the period. Millennium Management LLC lifted its position in shares of Northern Dynasty Minerals by 34.5% in the 2nd quarter. Millennium Management LLC now owns 389,467 shares of the mining company’s stock worth $101,000 after purchasing an additional 99,796 shares during the period. Renaissance Technologies LLC lifted its position in shares of Northern Dynasty Minerals by 207.5% in the 2nd quarter. Renaissance Technologies LLC now owns 364,497 shares of the mining company’s stock worth $95,000 after purchasing an additional 245,968 shares during the period. Finally, LCM Capital Management Inc lifted its position in shares of Northern Dynasty Minerals by 13.6% in the 2nd quarter. LCM Capital Management Inc now owns 347,300 shares of the mining company’s stock worth $91,000 after purchasing an additional 41,500 shares during the period. Hedge funds and other institutional investors own 12.60% of the company’s stock.

About Northern Dynasty Minerals

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Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. Its principal mineral property is the Pebble Copper-Gold-Molybdenum-Silver-Rhenium project comprising 1,840 mineral claims that covers an area of approximately 274 square miles located in southwest Alaska, 17 miles from the villages of Iliamna and Newhalen, and approximately 200 miles southwest of the city of Anchorage.

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