Etching Out Gains Pre-Bell, Shares Pick Up Momentum: Northern Dynasty Minerals Ltd. (:NAK), Sorrento Therapeutics, Inc. (NASDAQ:SRNE)

Northern Dynasty Minerals Ltd. (:NAK) are gapping up 1.97% pre-market with a price of $2.03 on the stock.

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Analyst Outlook

The consensus analysts recommendation at this point stands at 2.00 for Northern Dynasty Minerals Ltd..  This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. Further, analysts have a 12 month target price of $5.94 on company shares.  This is according to the analysts polled by Thomson Reuters which have recently published research reports on the firm. 

The equity stands -41.16% away from the 52-week high and 275.93% from the 52-week low.  The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 66.23.

With the recent move, the stock now boasts a market cap of 606.48and a beta of 0.49.

Sorrento Therapeutics, Inc. (NASDAQ:SRNE) is moving higher befor market open as it moved 2.70% pre-bell.  With the move the stock is currently valued at $3.46.

At the time of writing, the stock was trading at $3.46. This represents a change from the opening price of -8.95%. In terms of performance, year to date, the stock is -24.49%. The monthly stock performance comes in at 94.74%. For the quarter, shares are performing at 94.74%. Weekly performance analysis shows the equity at 108.45%.

In taking a look at technical levels, shares are trading 89.80% away from the 50 day simple moving average and 17.95% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -54.59% away from it’s 52- week high and 130.67% away from its 52 week low. 

As of writing, Sorrento Therapeutics, Inc.’s RSI stands at 82.42. In looking at volatility levels, the shares saw weekly volatility of 25.12% and 10.25% over the past month.

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