Northern Dynasty Minerals (NYSEAMERICAN:NAK) Shares Gap Down - Time to Sell?

Northern Dynasty Minerals, Ltd. (NYSEAMERICAN:NAK - Get Free Report) TSE: NDM's share price gapped down prior to trading on Wednesday . The stock had previously closed at $1.48, but opened at $1.42. Northern Dynasty Minerals shares last traded at $1.43, with a volume of 1,679,527 shares trading hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Northern Dynasty Minerals to a "sell" rating in a research report on Wednesday, May 21st.

Northern Dynasty Minerals Stock Performance

The company has a 50-day moving average of $1.19 and a 200-day moving average of $0.84. The stock has a market capitalization of $755.15 million, a price-to-earnings ratio of -14.00 and a beta of -0.69.

Institutional Trading of Northern Dynasty Minerals

A number of institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC purchased a new position in Northern Dynasty Minerals in the 1st quarter valued at about $25,000. Allworth Financial LP acquired a new stake in shares of Northern Dynasty Minerals in the 1st quarter valued at about $28,000. Allium Financial Advisors LLC acquired a new stake in shares of Northern Dynasty Minerals in the 1st quarter valued at about $29,000. Allegheny Financial Group acquired a new stake in shares of Northern Dynasty Minerals in the 4th quarter valued at about $30,000. Finally, SBI Securities Co. Ltd. raised its stake in shares of Northern Dynasty Minerals by 571.6% in the 1st quarter. SBI Securities Co. Ltd. now owns 27,073 shares of the mining company's stock valued at $31,000 after purchasing an additional 23,042 shares in the last quarter. 10.55% of the stock is owned by hedge funds and other institutional investors.

About Northern Dynasty Minerals

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in 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, the United States.