Northern Dynasty Minerals (NAK) Sees Unusually-High Trading Volume

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Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) (TSE:NDM) shares saw an uptick in trading volume on Thursday . 30,844 shares changed hands during mid-day trading, a decline of 98% from the previous session’s volume of 1,484,190 shares.The stock last traded at $0.67 and had previously closed at $0.71.

Several research firms recently commented on NAK. HC Wainwright set a $3.00 target price on Northern Dynasty Minerals and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research lowered Northern Dynasty Minerals from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th.

Northern Dynasty Minerals (NYSEAMERICAN:NAK) (TSE:NDM) last announced its quarterly earnings results on Thursday, August 9th. The mining company reported ($0.07) EPS for the quarter.

An institutional investor recently raised its position in Northern Dynasty Minerals stock. Russell Investments Group Ltd. increased its stake in Northern Dynasty Minerals Ltd (NYSEAMERICAN:NAK) (TSE:NDM) by 16.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,744,584 shares of the mining company’s stock after buying an additional 681,423 shares during the quarter. Russell Investments Group Ltd. owned about 1.52% of Northern Dynasty Minerals worth $2,639,000 as of its most recent filing with the SEC.

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Northern Dynasty Minerals Company Profile (NYSEAMERICAN:NAK)

Northern Dynasty Minerals Ltd. acquires, explores for, and develops mineral properties in the United States. Its principal mineral property is the Pebble copper-gold-molybdenum project that includes 2,402 mineral claims covering approximately 417 square miles located in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd.

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