Northern Dynasty Minerals Ltd. (AMEX:NAK) shares, rose in value on Thursday, April 04, with the stock price down by -0.19% to the previous day’s close as strong demand from buyers drove the stock to $0.31.
Actively observing the price movement in the recent trading, the stock is buoying the session at $0.31. The value of beta (5-year monthly) is 0.69. Referring to stock’s 52-week performance, its high was $0.43, and the low was $0.21. On the whole, NAK has fluctuated by 19.37% over the past month.
With the market capitalization of Northern Dynasty Minerals Ltd. currently standing at about $165.60 million, investors are eagerly awaiting this quarter’s results, scheduled for Apr 04, 2024 – Apr 07, 2024.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that NAK’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of NAK currently trading nearly 2.12% and 15.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.70, while the 7-day volatility ratio is showing 4.46% which for the 30-day chart, stands at 7.41%. Furthermore, Northern Dynasty Minerals Ltd. (NAK)’s beta value is 0.78, and its average true range (ATR) is 0.02.
A comparison of Northern Dynasty Minerals Ltd. (NAK) with its peers suggests the former has fared considerably weaker in the market. NAK showed an intraday change of -0.19% in today’s session so far, and over the past year, it grew by 30.21%%.
Data on historical trading for Northern Dynasty Minerals Ltd. (AMEX:NAK) indicates that the trading volumes over the past 10 days have averaged 1.47 million and over the past 3 months, they’ve averaged 2.10 million. According to company’s latest data on outstanding shares, there are 538.48 million shares outstanding.
Nearly 2.14% of Northern Dynasty Minerals Ltd.’s shares belong to company insiders and institutional investors own 10.14% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.68 million shares as on Mar 15, 2024, resulting in a short ratio of 3.85. According to the data, the short interest in Northern Dynasty Minerals Ltd. (NAK) stood at 1.24% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 6.75 million. The stock has fallen by -3.34% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NAK stock heading into the next quarter.
