Northern Dynasty Minerals (NYSEAMERICAN:NAK) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.44 and traded as high as $2.22. Northern Dynasty Minerals shares last traded at $2.16, with a volume of 6,460,902 shares.

Northern Dynasty Minerals Stock Performance

The company has a market cap of $1.22 billion, a PE ratio of -18.42 and a beta of -0.11. The company has a 50 day simple moving average of $1.94 and a two-hundred day simple moving average of $1.44.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its stake in Northern Dynasty Minerals by 37.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 18,320 shares of the mining company’s stock valued at $26,000 after acquiring an additional 5,000 shares during the last quarter. Smith Anglin Financial LLC raised its holdings in shares of Northern Dynasty Minerals by 8.0% during the 2nd quarter. Smith Anglin Financial LLC now owns 135,000 shares of the mining company’s stock valued at $181,000 after purchasing an additional 10,000 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of Northern Dynasty Minerals by 85.6% in the 2nd quarter. Kingsview Wealth Management LLC now owns 32,525 shares of the mining company’s stock valued at $44,000 after purchasing an additional 15,000 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of Northern Dynasty Minerals by 121.0% in the 2nd quarter. Ballentine Partners LLC now owns 28,237 shares of the mining company’s stock valued at $38,000 after purchasing an additional 15,459 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Northern Dynasty Minerals by 65.0% in the second quarter. Cetera Investment Advisers now owns 46,505 shares of the mining company’s stock worth $62,000 after purchasing an additional 18,315 shares in the last quarter. 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.