Northern Dynasty Minerals Ltd. [NAK] moved down -2.05: Why It’s Important

Northern Dynasty Minerals Ltd. [AMEX: NAK] closed the trading session at $0.50 on 06/21/21. The day’s price range saw the stock hit a low of $0.50, while the highest price level was $0.52. The company report on June 21, 2021 that Northern Dynasty Announces At-The-Market Offering of up to US$14.5 Million.

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Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK) (“Northern Dynasty” or the “Company”) announces that it has entered into an At-the-Market Offering Agreement dated June 21, 2021 (the “ATM Agreement”) with H.C. Wainwright & Co. (the “Agent”). Under the ATM Agreement, the Company will be entitled, at its discretion and from time-to-time during the term of the ATM Agreement, to sell, through the Agent, as sales agent, common shares of the Company (the “Common Shares”) having an aggregate gross sales price of up to US$14.5 million (the “Offering” or “ATM Facility”). Sales of the Common Shares will be made in “at the market distributions”, as defined in National Instrument 44-102, directly on the NYSE American stock exchange (“NYSE American”) or on any other existing trading market in the United States. No offers or sales of Common Shares will be made in Canada on the Toronto Stock Exchange or other trading markets in Canada.

The Company will determine, at its sole discretion, the date, price and number of Common Shares to be sold under the ATM Facility. The Common Shares will be distributed at market prices or prices related to prevailing market prices from time to time. The Company is not required to sell any Common Shares at any time during the term of the ATM Facility, and there are no fees for having established the ATM Facility. The ATM Agreement does not restrict the Company from conducting other financings.

The stocks have a year to date performance of 55.65 percent and weekly performance of -9.09 percent. The stock has been moved at 46.55 percent over the last six months. The stock has performed -12.42 percent around the most recent 30 days and changed -28.78 percent over the most recent 3-months.

If compared to the average trading volume of 7.05M shares, NAK reached to a volume of 7460264 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Northern Dynasty Minerals Ltd. [NAK]:

H.C. Wainwright have made an estimate for Northern Dynasty Minerals Ltd. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 19, 2017. While these analysts kept the previous recommendation, Gabelli & Co raised their target price to Buy. The new note on the price target was released on December 21, 2016, representing the official price target for Northern Dynasty Minerals Ltd. stock.

The Average True Range (ATR) for Northern Dynasty Minerals Ltd. is set at 0.02 The Price to Book ratio for the last quarter was 1.93, with the Price to Cash per share for the same quarter was set at 0.06.

NAK stock trade performance evaluation

Northern Dynasty Minerals Ltd. [NAK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.09. With this latest performance, NAK shares dropped by -12.42% in over the last four-week period, additionally plugging by 46.55% over the last 6 months – not to mention a drop of -65.90% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NAK stock in for the last two-week period is set at 32.46, with the RSI for the last a single of trading hit 22.93, and the three-weeks RSI is set at 37.92 for Northern Dynasty Minerals Ltd. [NAK]. The present Moving Average for the last 50 days of trading for this stock 0.5641, while it was recorded at 0.5189 for the last single week of trading, and 0.6886 for the last 200 days.

Northern Dynasty Minerals Ltd. [NAK]: An insightful look at the core fundamentals

Return on Total Capital for NAK is now -37.87, given the latest momentum, and Return on Invested Capital for the company is -39.15. Return on Equity for this stock declined to -39.35, with Return on Assets sitting at -36.52. When it comes to the capital structure of this company, Northern Dynasty Minerals Ltd. [NAK] has a Total Debt to Total Equity ratio set at 1.09. Additionally, NAK Total Debt to Total Capital is recorded at 1.08, with Total Debt to Total Assets ending up at 1.04. Long-Term Debt to Equity for the company is recorded at 0.38, with the Long-Term Debt to Total Capital now at 0.38.

Northern Dynasty Minerals Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.70 and a Current Ratio set at 4.70.

Northern Dynasty Minerals Ltd. [NAK]: Insider Ownership positions

There are presently around $32 million, or 17.90% of NAK stock, in the hands of institutional investors. The top three institutional holders of NAK stocks are: KOPERNIK GLOBAL INVESTORS, LLC with ownership of 26,781,401, which is approximately 2.691% of the company’s market cap and around 37.40% of the total institutional ownership; RUSSELL INVESTMENTS GROUP, LTD., holding 14,561,858 shares of the stock with an approximate value of $7.46 million in NAK stocks shares; and MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., currently with $3.0 million in NAK stock with ownership of nearly 158.372% of the company’s market capitalization.

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Positions in Northern Dynasty Minerals Ltd. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 38 institutional holders increased their position in Northern Dynasty Minerals Ltd. [AMEX:NAK] by around 16,954,626 shares. Additionally, 32 investors decreased positions by around 7,813,487 shares, while 27 investors held positions by with 37,845,015 shares. The mentioned changes placed institutional holdings at 62,613,128 shares, according to the latest SEC report filing. NAK stock had 20 new institutional investments in for a total of 1,431,205 shares, while 16 institutional investors sold positions of 4,602,415 shares during the same period.

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