Northern Dynasty Minerals Ltd (AMEX:NAK) shares, rose in value on Thursday, December 12, with the stock price down by -4.00% to the previous day’s close as strong demand from buyers drove the stock to $0.52.
Actively observing the price movement in the last trading, the stock closed the session at $0.54, falling within a range of $0.5146 and $0.5799. The value of beta (5-year monthly) was 0.752. Referring to stock’s 52-week performance, its high was $0.56, and the low was $0.23. On the whole, NAK has fluctuated by 16.18% over the past month.
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With the market capitalization of Northern Dynasty Minerals Ltd currently standing at about $278.75 million, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of NAK currently trading nearly 9.44% and 20.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.87, while the 7-day volatility ratio is showing 8.23% which for the 30-day chart, stands at 6.21%. Furthermore, Northern Dynasty Minerals Ltd (NAK)’s beta value is 0.57, and its average true range (ATR) is 0.03.
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 -4.00% in last session, and over the past year, it grew by 72.23%%.
Data on historical trading for Northern Dynasty Minerals Ltd (AMEX:NAK) indicates that the trading volumes over the past 10 days have averaged 2.13 and over the past 3 months, they’ve averaged 2.16 million. According to company’s latest data on outstanding shares, there are 537.72 million shares outstanding.
Nearly 1.96% of Northern Dynasty Minerals Ltd’s shares belong to company insiders and institutional investors own 12.82% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.56 million shares as on 2024-10-31, resulting in a short ratio of 2.89. According to the data, the short interest in Northern Dynasty Minerals Ltd (NAK) stood at 118.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 5.87 million. The stock has risen by 60.35% 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.
