As of Wednesday close, Northern Dynasty Minerals Ltd.’s (AMEX:NAK) stock was up $0.02, moving up 5.45 percent to $0.27. The average number of shares traded per day over the past five days has been 1,108,360 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0092 gain in that time frame. In the last twenty days, the average volume was 806,415, while in the previous 50 days, it was 1,189,236.
Since last month, NAK stock retreated -11.57%. Shares of the company fell to $0.2450 on 08/29/23, the lowest level in the past month. A 52-week high of $0.32 was reached on 07/27/23 after having rallying from a 52-week low of $0.20. Since the beginning of this year, NAK’s stock price has risen by 20.15% or $0.0445, and marked a new high 12 times. However, the stock has declined by -17.12% since its 52-week high.
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Financial Health
In the recent quarter, Northern Dynasty Minerals Ltd.’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. Based on annual data, NAK earned $52000.0 in gross profit and brought in $18.93 million in revenue.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. During the quarter, the company generated -$4.65 million in EBITDA. The liabilities of Northern Dynasty Minerals Ltd. were 8.47 million at the end of its most recent quarter, and its total debt was $0.54 million.
Technical Picture
This quick technical analysis looks at Northern Dynasty Minerals Ltd.’s (NAK) price momentum. With a historical volatility rate of 35.89%, the RSI 9-day stood at 56.81% on 30 August.
With respect to its five-day moving average, the current Northern Dynasty Minerals Ltd. price is up by +3.59% percent or $0.0092. At present, NAK shares trade -5.79% below its 20-day simple moving average and +6.12% percent above its 100-day simple moving average. However, the stock is currently trading approximately +18.81% above its SMA50 and +0.30% above its SMA200.
Stochastic coefficient K was 32.22% and Stochastic coefficient D was 15.29%, while ATR was 0.0118. Given the Stochastic reading of 74.09% for the 14-day period, the RSI (14) reading has been calculated as 53.78%.
Analyst Ratings
H.C. Wainwright launched its rating on Northern Dynasty Minerals Ltd. (AMEX: NAK) to a Buy in a note to investors on October 19, 2017. Northern Dynasty Minerals Ltd. (NAK) has been rated Buy by analysts. According to 0 brokerage firms, NAK is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Northern Dynasty Minerals Ltd. stock as buy, with 2 recommending it as overweight.
With a median target price of $0.90, the current consensus forecast for the stock is $0.90 – $0.90. Based on these forecasts, analysts predict Northern Dynasty Minerals Ltd. (NAK) will achieve an average price target of $0.90.
