Northern Dynasty Minerals Ltd. (AMEX:NAK) traded at $0.31 at close of the session on Monday, March 18, made a downward move of -4.73% on its previous day’s price.
Looking at the stock we see that its previous close was $0.33 and the beta (5Y monthly) reads 0.69 . In terms of its 52-week price range, NAK has a high of $0.43 and a low of $0.21. The company’s stock has gained about 26.65% over that past 30 days.
Northern Dynasty Minerals Ltd. has a market cap of $159.89 million and is expected to release its quarterly earnings report on Mar 29, 2024 – Apr 02, 2024.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the NAK stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 17.75% off its SMA20 and 17.57% from its 50-day simple moving average. The RSI (14) is pointing at 63.30 while the volatility over the past week is 10.05% and jumps to 6.52% over the past one month. The beta value is 0.70, while the average true range (ATR) is currently pointing at 0.02.
Coming back to Northern Dynasty Minerals Ltd. (AMEX:NAK), we note that the average 3-month trading volume was 2.05 million, while that of the preceding 10-day period stands at 2.1 million. Current shares outstanding are 529.78 million.
The insiders hold 2.18% of the company’s shares while institutions hold 10.55%. The data shows that short shares as of Feb 29, 2024, stood at 6.85 million at a short ratio of 4.73. This represents a 1.27% short interest in shares outstanding on Feb 29, 2024. Shares short rose in February from the previous month at 6.51 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -2.85% down in year-to-date price movement.
