There Is Clear Momentum For Northern Dynasty Minerals Ltd. (AMEX: NAK)

Northern Dynasty Minerals Ltd. (NAK) concluded trading on Wednesday at a closing price of $0.32, with 5.18 million shares of worth about $1.66 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.58% during that period and on March 13, 2024 the price saw a gain of about 7.01%. Currently the company’s common shares owned by public are about 529.78M shares, out of which, 496.85M shares are available for trading.

However, the stock later moved at a day high price of 0.3525, or with a gain of 7.01%. Stock saw a price change of 16.10% in past 5 days and over the past one month there was a price change of 28.96%. Year-to-date (YTD), NAK shares are showing a performance of 0.12% which increased to 53.92% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.21 but also hit the highest price of $0.43 during that period. The average intraday trading volume for Northern Dynasty Minerals Ltd. shares is 1.96 million. The stock is currently trading 26.94% above its 20-day simple moving average (SMA20), while that difference is up 20.85% for SMA50 and it goes to 12.77% higher than SMA200.

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Northern Dynasty Minerals Ltd. (AMEX: NAK) currently have 529.78M outstanding shares and institutions hold larger chunk of about 10.55% of that.

The stock has a current market capitalization of $164.78M and its 3Y-monthly beta is at 0.72. It has posted earnings per share of -$0.03 in the same period. It has Quick Ratio of 0.74 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NAK, volatility over the week remained 8.22% while standing at 5.80% over the month.

Analysts are in expectations that Northern Dynasty Minerals Ltd. (NAK) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 19.12% while it is estimated to increase by 0.49% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by H.C. Wainwright on October 19, 2017 offering a Buy rating for the stock and assigned a target price of $2.50 to it. Coverage by Gabelli & Co stated Northern Dynasty Minerals Ltd. (NAK) stock as a Buy in their note to investors on December 21, 2016, suggesting a price target of $3 for the stock. Stock get an Outperform rating from BMO Capital Markets on January 30, 2008.

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