Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Cross Above 200-Day Moving Average – Should You Sell?

Shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.57 and traded as high as $2.14. Northern Dynasty Minerals shares last traded at $2.01, with a volume of 8,382,752 shares.

Northern Dynasty Minerals Stock Down 1.5%

The firm has a 50-day moving average price of $2.08 and a two-hundred day moving average price of $1.57. The firm has a market cap of $1.12 billion, a PE ratio of -16.75 and a beta of 0.08.

Institutional Trading of Northern Dynasty Minerals

Several large investors have recently bought and sold shares of NAK. GAM Holding AG acquired a new position in shares of Northern Dynasty Minerals during the 2nd quarter worth approximately $3,752,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Northern Dynasty Minerals by 100.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,466,300 shares of the mining company’s stock worth $1,983,000 after buying an additional 735,300 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Northern Dynasty Minerals by 37.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 18,320 shares of the mining company’s stock worth $26,000 after buying an additional 5,000 shares during the last quarter. FNY Investment Advisers LLC boosted its stake in Northern Dynasty Minerals by 986.5% during the second quarter. FNY Investment Advisers LLC now owns 217,300 shares of the mining company’s stock worth $291,000 after buying an additional 197,300 shares during the last quarter. Finally, XTX Topco Ltd grew its holdings in Northern Dynasty Minerals by 232.7% in the 2nd quarter. XTX Topco Ltd now owns 636,134 shares of the mining company’s stock valued at $852,000 after buying an additional 444,950 shares in the last quarter. Hedge funds and other institutional investors own 10.55% of the company’s stock.

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.