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      Market Corrections: Northern Dynasty Minerals Ltd. (NAK) stock plummets in the After hours - Stocks Telegraph

      By Gule Rukhsar

      Published on

      November 30, 2021

      8:32 AM UTC

      Market Corrections: Northern Dynasty Minerals Ltd. (NAK) stock plummets in the After hours - Stocks Telegraph

      Northern Dynasty Minerals Ltd. (NAK) stock lost 8.14% at $0.3950 in the aftermarket, against its last close at $0.4300 on November 29. The stock gained almost 12% (11.98%) during the previous trading session at a volume of 3.96 million shares. Intraday trading, the stock went as high as $0.43 and as low as $0.38. While in the 52-week range the stock varied between $0.31 and $1.15 at an average (65-day) volume of 9.85 million. In the previous five market sessions, the stock has gained 10.26% while losing 0.12% in the past month. While the NAK stock has gained a value of 33.54% year to date. Currently, the NAK stock trades at market capital of $203.42 million with 529.74 million outstanding shares.

      The current bearishness in the stock seems to be caused by profit booking from its gain in the previous market session.

      Northern Dynasty Minerals Ltd. (NAK)

      Incorporated in 1983, Northern Dynasty Minerals Ltd. (NAK) was formerly known as Northern Dynasty Explorations Ltd. The company engages in the exploration of mineral properties in the United States. Its main mineral property project is the Pebble copper-gold-molybdenum project. Which is an undeveloped copper-gold-molybdenum-silver resource located in southwest Alaska.

      Northern Dynasty Minerals Ltd. (NAK) is headquartered in Vancouver, Canada.

      NAK stock’s Recent Movement

      After being traded in the red for over a week, the NAK stock saw an incline in Monday’s regular market session. It gained almost 12% during the day’s trading thanks to favorable stock sentiments. But this gain could only last so long, as the stock entered a downtrend in the after-hours on the same day. Profit bookers saw the stock’s gain as a good opportunity, hence the stock entered market correction.

      Previous News

      Previously, Northern Dynasty Minerals Ltd. (NAK) released a preliminary economic assessment for its Pebble Mine project in Alaska. According to the PEA, the project is expected to provide a 23.7% return of the internal rate. Further, the report also measured the profitability of the project through a net present value of $4.7 billion using a 7% discount rate. While the prospects of returns on the 20-year open-pit mining are great, there has been no current news.

      The company as per previous reports, was still waiting for a review of its Pebble Mine project from the U.S. Environmental Protection Agency (EPA). Moreover, it was also under ongoing lawsuit for the project’s impact on the nearby Bristol Bay watershed.

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