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Northern Dynasty slams short-seller report as class-suit looms

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'Anonymous hearsay': Northern Dynasty Minerals fires back at short-seller who called company 'worthless'

The share price is trading in a range of $2.24 - 2.66.

The total volume of 7.09 Million shares held in the session was surprisingly higher than its average volume of 8892.96 shares. The 12-month price target is $0.45 with zero analysts rating the company a strong buy, 0 firms rating the stock a buy, 0 equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally 0 brokers rating the stock a sell. After a recent spot-check, the stock has touched $2.35 which represents a change from the open of -6.08%.

The law firm of Kirby McInerney LLP announced that a class action lawsuit has been filed in the United States District Court for the Central District of California against Northern Dynasty Minerals Ltd. (NYSE:NAK) on behalf of investors that acquired Northern Dynasty securities during the period from September 16, 2013 through February 13, 2017 (the "Class Period") seeking recovery of damages for alleged violations of the federal securities laws. For the Q4 this year, the consensus current earnings per share trend estimates was for $0.01 while for one month ago was $0.01. Northern Dynasty Minerals Ltd.'s (NAK) is a part of Basic Materials sector and belongs to Industrial Metals & Minerals industry. Breaking that down further, it has performed -25.66% for the week, -10.67% for the month, 82.26% over the last quarter, 135.42% for the past half-year and 510.81% for this a year ago.

Analysts' mean recommendation for Northern Dynasty Minerals Ltd.'s (NAK) stands at 2.00.

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During last 3 month it remained at 185.39%. The Company has 52-week high of $3.45 and 52-week low of $0.28. Sudden large price movements can create false buy or sell signals in the RSI.

Traditional interpretation and usage of the RSI is that RSI values of 70 or above indicate that a security is becoming overbought or overvalued, and therefore may be primed for a trend reversal or corrective pullback in price. It is, therefore, best used with refinements to its application or in conjunction with other, confirming technical indicators. Beta factor, which measures the riskiness of the security, was observed as 1.74.

Zacks Investment Research also rated the stock with a value of 1.

EPS growth estimate for this year is set at 29.90%.

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