Northern Dynasty Minerals (NYSEAMERICAN:NAK) Trading Up 9.3% – Should You Buy?

Shares of Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK) (TSE:NDM) traded up 9.3% on Tuesday . The stock traded as high as $1.73 and last traded at $1.7050. 4,925,508 shares were traded during mid-day trading, a decline of 53% from the average session volume of 10,572,625 shares. The stock had previously closed at $1.56.

Northern Dynasty Minerals Stock Up 10.6%

The firm has a market capitalization of $951.86 million, a PE ratio of -15.68 and a beta of -0.60. The stock has a 50-day simple moving average of $1.67 and a 200-day simple moving average of $1.32.

Institutional Investors Weigh In On Northern Dynasty Minerals

Institutional investors and hedge funds have recently bought and sold shares of the business. Marex Group plc bought a new stake in Northern Dynasty Minerals during the 2nd quarter valued at approximately $43,000. Hudson Bay Capital Management LP bought a new stake in shares of Northern Dynasty Minerals during the 2nd quarter valued at about $335,000. Bank of America Corp DE raised its stake in shares of Northern Dynasty Minerals by 77.4% in 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 during the period. Raymond James Financial Inc. bought a new stake in Northern Dynasty Minerals during the 2nd quarter valued at approximately $31,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Northern Dynasty Minerals in the 2nd quarter valued at $17,117,000. Hedge funds and other institutional investors own 10.55% of the company’s stock.

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.