Rising nicely past couple of days - up 10%+ as of this post
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A metals and mining exploration firm, Northern Dynasty Minerals(NYSEAMERICAN:NAK) focuses on what its website calls the world-class Pebble Project in Alaska. Further, the company claims that it’s the world’s most significant undeveloped copper and gold resource. Therefore, if Northern Dynasty can live up to its potential, NAK could easily be one of the top speculative stocks under $1.
To be sure, as an exploration firm, the company doesn’t generate any revenue. Further, in 2022, its free cash flow landed at $18 million below breakeven. On a trailing-12-month (TTM) basis, the cash burn came out to $17 million. It’s something to keep in mind – we’re dealing more with narratives here rather than fiscal substance.
Still, on the plus side, the company features a decently stable balance sheet. In addition, the pricing profile may be compelling to market gamblers. Presently priced at 26 cents, NAK’s 52-week low sits at 21 cents whereas the 52-week high lands at 43 cents. Therefore, it could be a relative bargain.
H.C. Wainwright’s Heiko Ihle is the sole analyst covering NAK stock with a “buy” rating. As well, the expert sees a 90-cent target, implying nearly 244% upside potential.
GLTA and especially to the skipping record RC - need I say more