Investors Purchase Large Volume of Call Options on Northern Dynasty Minerals (NASDAQ:NAK)

Key Points

• On Monday, investors purchased 67,501 call options on Northern Dynasty Minerals, marking an increase of approximately 512% from its average volume of 11,027 call options.
• The stock traded up by $0.24, reaching a value of $1.56, with a trading volume significantly higher than its average at 19,541,246 shares.
• Northern Dynasty Minerals, focused on mineral exploration in the U.S., has its principal property in a 274 square mile area in Alaska, with a current market cap of $862.71 million.

Northern Dynasty Minerals Ltd (NASDAQ:NAK - ) was the target of some unusual options trading on Monday. Stock traders bought 67,501 call options on the company. This represents an increase of approximately 512% compared to the average volume of 11,027 call options.

Northern Dynasty Minerals Stock Performance

Shares of NAK traded up $0.24 during mid-day trading on Monday, reaching $1.56. The company's stock had a trading volume of 19,541,246 shares, compared to its average volume of 8,844,141. Northern Dynasty Minerals has a 12-month low of $0.30 and a 12-month high of $2.40. The company has a market cap of $862.71 million, a P/E ratio of -14.21 and a beta of -0.60.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. Its principal mineral property is the Pebble Copper-Gold-Molybdenum-Silver-Rhenium project comprising 1,840 mineral claims that covers an area of approximately 274 square miles located in southwest Alaska, 17 miles from the villages of Iliamna and Newhalen, and approximately 200 miles southwest of the city of Anchorage.

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