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Northern Dynasty Minerals(NAK) is a mineral exploration company, which holds indirect interests in 627 square miles of mineral claims in southwest Alaska, the United States. It owns 50% interest in the Pebble copper-gold-molybdenum project located in Alaska. This stock has been hammered by the bears in 2011, with shares off by over 40%.
52-Week Range: $4.87-$21.76
Today's Volume: 114,600
Three-Month Average Volume: 535,212
Northern Dynasty Minerals has a market cap of $791 million and an enterprise value of $711.60 million. Its estimated growth rate for this year is 33.3% and for next year it's pegged at 70%. The current short interest as a percentage of the float for Northern Dynasty is very low at just 1%.
From a technical standpoint, traders should watch for a
big breakout to trigger if this stock can manage to move above some past overhead resistance at $8.82 a share on strong volume. A high-volume move over that level should set this stock up to re-test its August highs of $10.50 to $11.07, or possibly much higher. Look for volume that's tracking in close to or above its three-month average action of 535,213 shares. One could buy this stock off any weakness and simply use a mental stop near the 50-day moving average of $7.93.
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-- Written by Roberto Pedone in Winderemere, Fla.