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

Northern Dynasty Minerals Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $0.42. Northern Dynasty Minerals shares last traded at $0.42, with a volume of 2,478,406 shares.

Northern Dynasty Minerals Trading Up 6.8 %

The stock has a market cap of $225.41 million, a P/E ratio of -10.48 and a beta of 0.52.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last released its quarterly earnings results on Wednesday, August 14th. The mining company reported ($0.01) EPS for the quarter. On average, analysts anticipate that Northern Dynasty Minerals Ltd. will post -0.03 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NAK. Smith Anglin Financial LLC increased its stake in Northern Dynasty Minerals by 61.5% during the third quarter. Smith Anglin Financial LLC now owns 105,000 shares of the mining company’s stock valued at $35,000 after purchasing an additional 40,000 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Northern Dynasty Minerals by 1.3% during the first quarter. Russell Investments Group Ltd. now owns 7,425,864 shares of the mining company’s stock valued at $2,356,000 after purchasing an additional 94,095 shares during the last quarter. GAM Holding AG raised its position in shares of Northern Dynasty Minerals by 56.3% during the second quarter. GAM Holding AG now owns 500,000 shares of the mining company’s stock worth $155,000 after purchasing an additional 180,000 shares during the period. Cadinha & Co. LLC boosted its stake in Northern Dynasty Minerals by 40.0% in the 3rd quarter. Cadinha & Co. LLC now owns 1,400,000 shares of the mining company’s stock worth $464,000 after purchasing an additional 400,000 shares during the period. Finally, Herr Investment Group LLC increased its holdings in shares of Northern Dynasty Minerals by 10.7% in the 2nd quarter. Herr Investment Group LLC now owns 10,330,688 shares of the mining company’s stock valued at $3,204,000 after purchasing an additional 999,891 shares during the period. 10.55% of the stock is owned by institutional investors and hedge funds.

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.