Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK – Get Free Report) (TSE:NDM) shares rose 9.3% during trading on Tuesday . The company traded as high as $1.73 and last traded at $1.7050. Approximately 4,925,508 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 10,572,625 shares. The stock had previously closed at $1.56.
Northern Dynasty Minerals Stock Performance
The company has a market capitalization of $993.24 million, a P/E ratio of -16.36 and a beta of -0.60. The stock’s fifty day moving average price is $1.70 and its 200-day moving average price is $1.33.
Hedge Funds Weigh In On Northern Dynasty Minerals
Several large investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new position in Northern Dynasty Minerals in the 1st quarter valued at about $25,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Northern Dynasty Minerals by 37.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 18,320 shares of the mining company’s stock valued at $26,000 after buying an additional 5,000 shares in the last quarter. Raymond James Financial Inc. bought a new position in Northern Dynasty Minerals in the 2nd quarter valued at approximately $31,000. Ballentine Partners LLC increased its holdings in shares of Northern Dynasty Minerals by 121.0% during the second quarter. Ballentine Partners LLC now owns 28,237 shares of the mining company’s stock worth $38,000 after buying an additional 15,459 shares in the last quarter. Finally, Plancorp LLC bought a new position in shares of Northern Dynasty Minerals in the 1st quarter valued at $38,000. 10.55% of the stock is owned by institutional investors.
About Northern Dynasty Minerals
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.
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