Northern Dynasty Minerals Sees Unusually High Options Volume (NYSEAMERICAN:NAK)

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) saw unusually large options trading activity on Tuesday. Stock traders acquired 4,494 call options on the stock. This is an increase of approximately 856% compared to the average daily volume of 470 call options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. lifted its stake in Northern Dynasty Minerals by 13.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,253,421 shares of the mining company’s stock valued at $3,165,000 after purchasing an additional 1,557,604 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Northern Dynasty Minerals by 355.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,300,770 shares of the mining company’s stock worth $312,000 after purchasing an additional 1,015,421 shares during the last quarter. Millennium Management LLC increased its stake in shares of Northern Dynasty Minerals by 358.9% during the 4th quarter. Millennium Management LLC now owns 780,384 shares of the mining company’s stock worth $172,000 after purchasing an additional 610,335 shares during the last quarter. Quintet Private Bank Europe S.A. acquired a new position in shares of Northern Dynasty Minerals during the 1st quarter worth $59,000. Finally, Wells Fargo & Company MN increased its stake in shares of Northern Dynasty Minerals by 121.8% during the 2nd quarter. Wells Fargo & Company MN now owns 364,164 shares of the mining company’s stock worth $87,000 after purchasing an additional 200,000 shares during the last quarter. 9.25% of the stock is owned by institutional investors and hedge funds.

Northern Dynasty Minerals Stock Up 10.1 %

NAK opened at $0.36 on Wednesday. The stock has a market capitalization of $188.98 million, a PE ratio of -8.92 and a beta of 1.16. Northern Dynasty Minerals has a 1-year low of $0.21 and a 1-year high of $0.38.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last released its earnings results on Tuesday, August 15th. The mining company reported ($0.01) earnings per share for the quarter. On average, equities analysts expect that Northern Dynasty Minerals will post -0.04 EPS for the current year.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in 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, the United States.