Northern Dynasty Minerals (NYSEAMERICAN:NAK) Trading 7.9% Higher – Should You Buy?

Shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) traded up 7.9% during trading on Monday . The stock traded as high as $2.43 and last traded at $2.3850. 1,448,290 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 10,276,976 shares. The stock had previously closed at $2.21.

Northern Dynasty Minerals Trading Up 5.7%

The stock’s 50-day moving average price is $1.94 and its two-hundred day moving average price is $1.45. The stock has a market capitalization of $1.29 billion, a P/E ratio of -19.46 and a beta of -0.11.

Institutional Trading of Northern Dynasty Minerals

Large investors have recently bought and sold shares of the company. Marex Group plc purchased a new position in shares of Northern Dynasty Minerals during the 2nd quarter valued at $43,000. Hudson Bay Capital Management LP bought a new stake in Northern Dynasty Minerals in the 2nd quarter valued at about $335,000. Bank of America Corp DE raised its stake in Northern Dynasty Minerals by 77.4% in the 2nd quarter. Bank of America Corp DE now owns 367,285 shares of the mining company’s stock valued at $492,000 after acquiring an additional 160,285 shares during the period. Raymond James Financial Inc. purchased a new stake in Northern Dynasty Minerals during the second quarter valued at about $31,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Northern Dynasty Minerals during the second quarter worth about $17,117,000. 10.55% of the stock is owned by hedge funds and other institutional investors.

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.