Northern Dynasty Minerals Ltd. (NAK) is a Vancouver, Canada-based mineral exploration and development company. Its principal asset is a 100% interest in a contiguous block of 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, which is located 200 miles from Anchorage and 125 miles from Bristol Bay. It is owned through its wholly owned Alaska-based U.S. subsidiary, Pebble Limited Partnership. The company's shares have gained 20.6% in price over the past month driven by the Biden administration's renewable and low-carbon energy initiatives, which are likely to fuel extraordinary demand for copper.
However, the stock is down 46.2% in price over the past year and 18.2% over the past month to close yesterday's trading session at $0.39. In addition, it is currently trading 47.3% below its 52-week high of $0.74, which it hit on March 18, 2021.
