Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Down 11.3% – Should You Sell?

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM)’s share price fell 11.3% during mid-day trading on Tuesday . The company traded as low as $1.92 and last traded at $1.9150. 3,010,159 shares traded hands during trading, a decline of 73% from the average session volume of 11,269,862 shares. The stock had previously closed at $2.16.

Northern Dynasty Minerals Trading Down 6.0%

The business’s 50-day simple moving average is $2.12 and its 200-day simple moving average is $1.66. The company has a market capitalization of $1.14 billion, a PE ratio of -16.92 and a beta of 0.08.

Institutional Trading of Northern Dynasty Minerals

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marex Group plc purchased a new position in shares of Northern Dynasty Minerals in the 2nd quarter valued at about $43,000. Hudson Bay Capital Management LP acquired a new stake in Northern Dynasty Minerals in the 2nd quarter valued at about $335,000. Bank of America Corp DE lifted its position in Northern Dynasty Minerals by 77.4% during the second quarter. Bank of America Corp DE now owns 367,285 shares of the mining company’s stock worth $492,000 after buying an additional 160,285 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Northern Dynasty Minerals during the 2nd quarter valued at about $31,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Northern Dynasty Minerals in the 2nd quarter valued at approximately $17,117,000. 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.