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Northern Dynasty Minerals (AMEX:NAK) Stock, Option Chain

Northern Dynasty Minerals

Northern Dynasty Minerals Ltd is a Canadian mineral exploration company. It has a single operating segment of acquisition, exploration, and development of mineral properties. Its core asset is the Pebble Project located in Alaska, USA. The Pebble project is seeking to develop a significant deposit of copper, gold, molybdenum, and silver into a modern mining operation.

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Alaska Governor Wants Overhaul Of Mine Permitting, Seeks $700B In Economic Losses

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Supreme Court Shuts Down Alaskan Pebble Mine Ambitions

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Shares of  RxSight, Inc. (NASDAQ: RXST) rose sharply during Monday’s session after the company issued preliminary FY23 and FY24 revenue guidance above estimates.

Also, Needham maintained a Buy rating on the stock and raised its price target from $35 to $41.

Why RxSight Shares Are Trading Higher By 20%? Here Are Other Stocks Moving In Monday&#39;s Mid-Day Session

Northern Dynasty Minerals, Ltd. Common Stock

Northern Dynasty Minerals Ltd

NAKAYAMA STEEL WORKS LTD by Nakayama Steel Works Ltd.

NAKAKITA SEISAKUSHO CO by Nakakita Seisakusho Co., Ltd.

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NAKANISHI INC TOCHIGI by Nakanishi Inc. Tochigi

Nakanishi Inc

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NAKED WINES PLC UNSP/ADR by Naked Wines PLC

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WIIM

Northern Dynasty Minerals shares are trading higher after HC Wainwright & Co. maintained a Buy rating on the stock and raised its price target from $0.8 to $1.3

HC Wainwright &amp; Co. analyst Heiko Ihle maintains Northern Dynasty Minerals (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NAK#AMEX">NAK</a>) with a Buy and raises the price target from $0.8 to $1.3.

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HC Wainwright & Co. Maintains Buy on Northern Dynasty Minerals, Raises Price Target to $1.3

Northern Dynasty Minerals Ltd. (TSX:<a class="ticker" href="https://www.benzinga.com/stock/NDM#TSX">NDM</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAK#NYSE">NAK</a>) ("Northern Dynasty" or the "Company") reports it has received the remaining $10 million royalty payment under the second tranche of the Company's royalty agreement dated July 26, 2022 (the "Royalty Agreement') and the amended Royalty Agreement (the "Amendment") dated November 13, 2023. All currency figures are U.S. dollars.
Under the Amendment, the royalty investor (the "Royalty Holder") received the right to fund the second $12 million tranche in six equal installments of $2 million in exchange for the right to receive approximately 0.33% of the payable gold production and 1% of the payable silver production from the Pebble Project per each additional payment installment made (representing 1/6 of the aggregate royalty under the second tranche). Northern Dynasty received the first $2 million upon execution of the Amendment, as reported in the Company's November 13, 2023 news release.

Contracts

Northern Dynasty Reports It Has Received The Remaining $10M Royalty Payment Under The Second Tranche Of The Company's Royalty Agreement Dated July 26, 2022

HC Wainwright &amp; Co. analyst Heiko Ihle reiterates Northern Dynasty Minerals (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NAK#AMEX">NAK</a>) with a Buy and maintains $0.8 price target.

Reiteration

HC Wainwright & Co. Reiterates Buy on Northern Dynasty Minerals, Maintains $0.8 Price Target

Northern Dynasty Minerals Ltd. (TSX:<a class="ticker" href="https://www.benzinga.com/stock/NDM#TSX">NDM</a>, NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAK#NYSE">NAK</a>) ("Northern Dynasty" or the "Company") reports thatIliamna Natives Limited ("INL") and Alaska Peninsula Corporation ("APC"), two Alaska Native Village corporations representing communities closest tothe Pebble Project ("Pebble"), have filed suit against the Environmental Protection Agency ("EPA") for exceeding its authority with the veto action againstPebble. John Shively, CEO of the Company's 100%-owned U.S.-based subsidiary Pebble Limited Partnership made the following statement regardingthe action: "The jobs, economic activity and revenue from Pebble would bring significant positive benefits to the communities closest to us, as represented by INLand APC in this lawsuit. From the beginning, the EPA has given little weight to the views expressed by these communities because it did not fit theirpredetermined narrative against the project.

Northern Dynasty Minerals Reported Two Alaska Native Village Corporations Sue to Stop EPA's Pebble Project Veto

Reported Earlier, Northern Dynasty: USACE Declines Engagement In Permit Remand, Following EPA Veto

Alaska Governor Mike Dunleavy has issued a public plea to President Joe Biden to streamline the U.S. <a href="https://www.benzinga.com/topic/mining">mine permitting process</a>. 
The goal is to boost the domestic production of critical minerals and reduce reliance on foreign sources. The governor&#8217;s plea comes amid escalating legal battles and economic ramifications, particularly concerning the Alaskan <a href="https://www.benzinga.com/news/24/01/36558028/supreme-court-shuts-down-alaskan-pebble-mine-ambitions">Pebble Mine project</a>.
"Our message to the Biden administration is, ‘Do everything you can to do everything here in America. Get your permitting processes streamlined,&#8217;" Dunleavy <a href="https://www.nasdaq.com/articles/ceraweek-alaskas-governor-calls-on-biden-to-update-mine-permit-process">told</a> Reuters during the CERAWeek energy conference in Huston.
Dunleavy emphasized the imperative of aligning permitting procedures with national strategic interest, reflecting on a "somewhat nonsensical" push for greater adoption of electric vehicles while blocking cornerstone mining projects.
"If we don't get our permitting processes together, if we don't start to use data and science again instead of emotion, this chaos is going to continue," he noted.
Also Read: <a href="https://www.benzinga.com/news/24/03/37623431/lithium-mining-causes-pollution-but-new-methods-could-showcase-more-eco-friendly-approach"> Lithium Mining Causes Pollution, But New Methods Could Showcase More Eco-Friendly Approach</a>
Central to Dunleavy&#8217;s appeal is the contention that President Biden&#8217;s decision to block the Pebble Mine- the project, spearheaded by Northern Dynasty Minerals (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NAK#AMEX">NAK</a>), has been met with staunch opposition due to concerns over its potential ecological impact on Bristol Bay&#8217;s salmon fisheries.
The proposed Pebble mine has been contentious, drawing opposition from environmental groups and Alaska&#8217;s Republican Senators Lisa Murkowski and Dan Sullivan. However, Dunleavy remains steadfast in his support, emphasizing the coexistence of responsible mining practices with the preservation of Alaska&#8217;s natural resources.
"The science is there to be able to develop the mine responsibly," he said. "We can put the safeguards in, and that's why I'm a supporter," he said.
In response to the Biden administration&#8217;s actions, Dunleavy has pursued legal recourse, filing a <a href="https://law.alaska.gov/pdf/press/240315-Complaint.pdf">lawsuit</a> seeking over $700 billion in compensation for Alaska&#8217;s purported economic losses from Pebble Mine&#8217;s obstruction.
Northern Dynasty Minerals has mounted its legal challenges, filing lawsuits to <a href="https://alaskabeacon.com/wp-content/uploads/2024/03/NorthernDynastyFederalClaimsCourt.pdf">overturn</a> the EPA&#8217;s decision and seeking <a href="https://alaskabeacon.com/wp-content/uploads/2024/03/PebbleVsEPA.pdf">compensation</a> for incurred expenses related to the Pebble Mine project.
Still, the local community has its viewpoints. Jason Metrokin, president and CEO of Bristol Bay Native Corp., criticized the legal actions, arguing that the Environmental Protection Agency&#8217;s actions have the Alaskan support.
"It is simply a mistake for Northern Dynasty Minerals and the State of Alaska to continue to pursue the development of what could be North America's largest open pit mine near the headwaters of Bristol Bay's incredible salmon fisheries," Metrokin said in a <a href="https://www.bbnc.net/statement-from-bristol-bay-native-corporation-regarding-legal-challenges-to-epas-final-determination/">statement</a>, noting that fishing business provides over 15,000 jobs and generates around $2 billion in annual economic activity.
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get started!
Now Read: <a href="https://www.benzinga.com/markets/commodities/24/03/37822526/copper-prices-surge-to-11-month-high-amid-supply-concerns-freeport-ceo-to-politicos-stop-givi">Copper Prices Surge To 11-Month High Amid Supply Concerns, Freeport CEO To Politicos: &#8216;Stop Giving Lip Service&#8217;</a>

HC Wainwright &amp; Co. analyst Heiko Ihle maintains Northern Dynasty Minerals (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NAK#AMEX">NAK</a>) with a Buy and lowers the price target from $0.9 to $0.8.

HC Wainwright & Co. Maintains Buy on Northern Dynasty Minerals, Lowers Price Target to $0.8

The U.S. Supreme Court has shut down Alaska&#8217;s ambition for the Pebble mine due to pollution concerns.
What Happened: The largest North American copper, gold, and molybdenum extraction site has faced nearly two decades of opposition.
Northern Dynasty Minerals (TSX:<a class="ticker" href="https://www.benzinga.com/stock/NDM#TSX">NDM</a>, NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAK#NYSE">NAK</a>) argued that the proposed mine could provide employment opportunities for thousands of Alaskans. The Vancouver, Canada-based company insisted that the mine would yield substantial resources over a 20-year lifespan, including:
<ul>
<li>6.4 billion pounds of copper</li>
<li>7.4 million ounces of gold</li>
<li>300 million pounds of molybdenum</li>
<li>37 million ounces of silver and</li>
<li>200,000 kilograms of rhenium. </li>
</ul>
Northern Dynasty also intended to store mine waste in the Bristol Bay watershed — home to the world&#8217;s largest sockeye salmon fisheries. 
Last January, the Environmental Protection Agency (EPA) rejected the company&#8217;s proposal in solidarity with Alaskan tribes who remain concerned about the project&#8217;s impact on the pristine watershed.
Why It Matters: The decision is seen as a win for environmental groups. 
Alaskan lawmakers supporting the project filed a motion in July urging the Supreme Court to overturn the EPA&#8217;s veto, arguing that it had the authority to hear the case before lower courts.
&#8220;Alaska tried to persuade the court that this is the rare kind of dispute that the justices should hear as a trial court, without having it go through lower courts first,&#8221; CNN's Supreme Court analyst and University of Texas professor Stephen Vladeck <a href="https://www.cnn.com/2024/01/08/politics/pebble-mine-alaska-copper-epa-supreme-court/index.html">said</a>.
&#8220;Although there's no explanation accompanying today's denial, it stands to reason that a majority of the justices disagreed and were willing to let the case go through ordinary litigation in the lower courts first,&#8221; he added.
Also Read: <a href="https://www.benzinga.com/markets/commodities/24/01/36452207/4-mining-stocks-to-watch-in-2024-aura-oceanagold-alphamin-b2gold">4 Mining Stocks To Watch In 2024: Aura, OceanaGold, Alphamin, B2Gold</a>
What&#8217;s Next: Northern Dynasty&#8217;s stock plummeted 34% following the news. The company also <a href="https://northerndynastyminerals.com/site/assets/files/5039/2024-01-08-nr-ndm-hg98t15f99s.pdf">expressed disappointment</a> in the Supreme Court&#8217;s decision, and believes that the EPA exceeded its regulatory authority.
It is considering legal options to challenge the decision.
Alaska Governor Mike Dunleavy<a href="https://twitter.com/GovDunleavy/status/1744494136445845966"> pledged</a> to continue fighting for the Pebble project, emphasizing its potential importance for copper and critical minerals in an era of fast-tracking renewable energy development. 
Now Read: <a href="https://www.benzinga.com/news/24/01/36539478/as-oversupply-deflates-lithium-bubble-ipo-market-keeps-in-high-spirits">As Oversupply Deflates Lithium Bubble, IPO Market Keeps In High Spirits</a>
Image: Shutterstock

Shares of RxSight, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rxst#NASDAQ">RXST</a>) rose sharply during Monday&rsquo;s session after the company issued preliminary FY23 and FY24 revenue guidance above estimates.
Also, Needham maintained a Buy rating on the stock and raised its price target from $35 to $41.
RxSight shares jumped 20% to $44.31 on Monday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Harpoon Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/harp#NASDAQ">HARP</a>) shares jumped 111.2% to $22.28 after Merck announced it will acquire the company for $23 per share in cash.</li>
<li>Ambrx Biopharma Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amam#NASDAQ">AMAM</a>) jumped 98.1% to $27.00 after Johnson &amp; Johnson announced it will acquire the company in an all-cash merger for a total equity value of approximately $2 billion.</li>
<li>Spectaire Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spec#NASDAQ">SPEC</a>) jumped 75.2% to $2.96.</li>
<li>Nkarta, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nktx#NASDAQ">NKTX</a>) rose 51% to $9.17 as the company announced updated corporate presentation to reflect business and strategic update.</li>
<li>Universe Pharmaceuticals INC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/upc#NASDAQ">UPC</a>) gained 42% to $2.22.</li>
<li>Elevation Oncology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/elev#NASDAQ">ELEV</a>) jumped 39.2% to $1.2193.</li>
<li>NexImmune, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nexi#NASDAQ">NEXI</a>) rose 34.7% to $8.32.</li>
<li>Praxis Precision Medicines, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prax#NASDAQ">PRAX</a>) rose 34% to $33.76 as the company issued update on advancing clinical stage portfolio.</li>
<li>QuantaSing Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qsg#NASDAQ">QSG</a>) gained 31% to $2.0563.</li>
<li>Butterfly Network, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bfly#NASDAQ">BFLY</a>) rose 29.7% to $1.31 as the company announced FDA clearance of handheld ultrasound system, Butterfly iQ3.</li>
<li>Venus Concept Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vero#NASDAQ">VERO</a>) climbed 28% to $1.51.</li>
<li>Ardelyx, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ardx#NASDAQ">ARDX</a>) gained 25.5% to $7.73 after the company provided an update on its progress in 2023 and initial expectations for 2024.</li>
<li>BioCryst Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bcrx#NASDAQ">BCRX</a>) rose 20.8% to $7.36 after the company issued preliminary Q4 revenue guidance above estimates. Also the company said it is approaching positive EPS and cash flow in 2H 2025.</li>
<li>Axonics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axnx#NASDAQ">AXNX</a>) jumped 19.9% to $69.03 after the company announced a deal to be acquired by Boston Scientific.</li>
<li>Crocs, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crox#NASDAQ">CROX</a>) jumped 18.8% to $102.69 after the company issued strong Q4 and full year 2023 guidance.</li>
<li>LendingTree, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tree#NASDAQ">TREE</a>) rose 17.3% to $33.50.</li>
<li>Wolverine World Wide, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/www#NYSE">WWW</a>) jumped 16.7% to $9.02. Wolverine Worldwide affirmed preliminary 2023 financial results in line with guidance.</li>
<li>Ampio Pharmaceuticals, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ampe#NYSE">AMPE</a>) gained 16.4% to $2.0799 after falling around 8% on Friday.</li>
<li>Shattuck Labs, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sttk#NASDAQ">STTK</a>) gained 15.2% to $9.52.</li>
<li>Vincerx Pharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vinc#NASDAQ">VINC</a>) shares rose 14.3% to $1.36 after the company announced compelling clinical efficacy of enitociclib in combination with venetoclax and prednisone in lymphoma.</li>
<li>Cyclacel Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cycc#NASDAQ">CYCC</a>) shares gained 14.1% to $2.84 after jumping over 10% on Friday.</li>
<li>Silk Road Medical, Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/silk#NASDAQ">SILK</a>) rose 13.4% to $12.91.</li>
<li>OPKO Health, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/opk#NASDAQ">OPK</a>) jumped 12.5% to $1.00.</li>
<li>Avadel Pharmaceuticals plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avdl#NASDAQ">AVDL</a>) gained 12% to $16.68 after the company issued a business update.</li>
<li>Fastly, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsly#NYSE">FSLY</a>) jumped 10.5% to $17.88 after RBC Capital upgraded the stock from Underperform to Sector Perform and raised its price target from $12 to $18.</li>
<li>Upwork Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/upwk#NASDAQ">UPWK</a>) gained 10.3% to $15.51 after Jefferies upgraded the stock from Hold to Buy and raised its price target from $13 to $20.</li>
<li>Commercial Metals Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmc#NYSE">CMC</a>) rose 6.2% to $51.21 following strong quarterly results.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>LumiraDx Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lmdx#NASDAQ">LMDX</a>) shares fell 45.5% to $0.0187. LumiraDx announced its securities will be suspended from trading on Nasdaq at the open of business on Jan. 9th.</li>
<li>Top KingWin Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcjh#NASDAQ">TCJH</a>) dipped 38.8% to $1.18.</li>
<li>Solo Brands, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dtc#NYSE">DTC</a>) dipped 38.7% to $3.6150 after the company lowered full year 2023 revenue guidance below estimates.</li>
<li>Dada Nexus Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dada#NASDAQ">DADA</a>) shares dipped 38.1% to $1.95. Dada Nexus said in the course of its routine internal audit, certain suspicious practices were identified that may cast doubt on certain revenues from the company&#39;s online advertising and marketing services in 2023.</li>
<li>Prothena Corporation plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prta#NASDAQ">PRTA</a>) fell 25.1% to $30.45 after the company issued updates on PRX012, PRX123, Birtamimab and Portfolio programs.</li>
<li>Jin Medical International Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zjyl#NASDAQ">ZJYL</a>) fell 23.4% to $95.00.</li>
<li>MMTec, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtc#NASDAQ">MTC</a>) fell 22.4% to $1.82.</li>
<li>Evolve Transition Infrastructure LP (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snmp#NASDAQ">SNMP</a>) tumbled 20.8% to $1.33.</li>
<li>Revance Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvnc#NASDAQ">RVNC</a>) fell 20.1% to $6.68 after the company issued preliminary Q4 and FY23 financial results and guidance.</li>
<li>Banzai International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bnzi#NASDAQ">BNZI</a>) shares fell 19.3% to $2.07. Banzai shares jumped around 55% on Friday after the company signed an LOI to acquire IGLeads.</li>
<li>Northern Dynasty Minerals Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nak#NYSE">NAK</a>) dipped 18.8% to $0.3107.</li>
<li>The Arena Group Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aren#NYSE">AREN</a>) shares fell 18.2% to $1.7603 after dipping 17% on Friday.</li>
<li>The Arena Group Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aren#NASDAQ">AREN</a>) dipped 18% to $ 1.7650.</li>
<li>Inspire Veterinary Partners, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ivp#NASDAQ">IVP</a>) declined 16.8% to $0.1881. Inspire Veterinary Partners recently filed a prospectus related to up to a $5 million public offering</li>
<li>Pacific Biosciences of California, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pacb#NASDAQ">PACB</a>) fell 15.1% to $7.99. Pacific Biosciences of California said it sees preliminary FY23 revenue of $200.5 million.</li>
<li>REGENXBIO Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgnx#NASDAQ">RGNX</a>) fell 14.8% to $14.01. US District Court issued decision on REGENXBIO and University of Pennsylvania NAV technology patent infringement lawsuit.</li>
<li>Revance Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvnc#NASDAQ">RVNC</a>) fell 13.6% to $7.21. Revance issued corporate update, preliminary Q4 and FY23 financial results, and financial outlook.</li>
<li>BioSig Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bsgm#NASDAQ">BSGM</a>) fell 13.6% to $0.35. On Jan. 5, BioSig Technologies received a letter from Nasdaq notifying company has regained compliance with Nasdaq Listing Rule 5550(b)(2).</li>
<li>Bright Health Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bhg#NYSE">BHG</a>) dipped 12.8% to $10.00.</li>
<li>Safe and Green Development Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgd#NASDAQ">SGD</a>) shares fell 11.3% to $1.80 after jumping 49% on Friday.</li>
<li>Argo Blockchain plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arbk#NASDAQ">ARBK</a>) fell 11.1% to $3.11 after announcing &pound;7.8 million ($9.9 million) placing.</li>
<li>Shuttle Pharmaceuticals Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shph#NASDAQ">SHPH</a>) dipped 10.7% to $0.5146. Shuttle Pharmaceuticals received FDA approval to proceed with Phase II clinical trial of ropidoxuridine for the treatment of patients with glioblastoma.</li>
<li>Paragon 28, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fna#NYSE">FNA</a>) fell 9.6% to $11.83. Paragon 28 said it sees preliminary fourth-quarter revenue of $60.3 million to $60.6 million.</li>
<li>Sharps Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stss#NASDAQ">STSS</a>) fell 8.3% to $0.4032 after jumping 12% on Friday.</li>
<li>Dynavax Technologies Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dvax#NASDAQ">DVAX</a>) dipped 7.5% to $13.63. Dynavax sees preliminary 2023 HEPLISAV-B vaccine net product revenue of $213 million.</li>
<li>The Boeing Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) fell 7% to $231.69 after an exit door blew out of a 737 aircraft during a commercial flight.</li>
<li>Spirit AeroSystems Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spr#NYSE">SPR</a>) fell 6.5% to $29.67 after an exit door blew out of a 737 aircraft during a commercial flight. Spirit Aerosystems was a vendor involved with the faulty door.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36528274/cramer-says-this-major-healthcare-stock-is-ridiculously-cheap-and-doing-so-many-great-th"> Cramer Says This Major Healthcare Stock Is &#39;Ridiculously Cheap And Doing So Many Great Things&#39; </a>

Why RxSight Shares Are Trading Higher By 20%? Here Are Other Stocks Moving In Monday's Mid-Day Session

Northern Dynasty Minerals Ltd. (TSX:<a class="ticker" href="https://www.benzinga.com/stock/NDM#TSX">NDM</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAK#NYSE">NAK</a>) ("Northern Dynasty" or the "Company") reports that the US Supreme Court has denied Alaska's petition to review its claims that the EPA veto of the Pebble Project was illegal. John Shively, CEO of its 100%-owned U.S.-based subsidiary Pebble Limited Partnership ("Pebble Partnership" or "PLP") made the following statement regarding the decision:
"While it is a disappointing decision, it is important to note that this is not a comment on the arguments put forward by the state. We have long stated our belief that the EPA has acted outside of its regulatory authority and that remains our position today. The legal issues raised by the state will now work their way through the federal courts. We will also evaluate our legal options in contesting the extraordinary steps the EPA has taken to preemptively stop the Pebble Project. Pebble is an important project for Alaska and the nation. It could create jobs for Alaskans, provide an economic catalyst for the state and provide a much-needed source of critical minerals for the long-term safety and security of the United States."

Pebble Responds To U.S. Supreme Court Decision To Deny Alaska's Petition; Says "While It Is A Disappointing Decision, It Is Important To Note That This Is Not A Comment On The Arguments Put Forward By The State."

Northern Dynasty's Faces Further Delay As Alaska District Of The US Army Corps Of Engineers Gets Sixth Extension

Northern Dynasty Minerals Ltd. (TSX:<a class="ticker" href="https://www.benzinga.com/stock/NDM#TSX">NDM</a>);(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAK#NYSE">NAK</a>) ("Northern Dynasty" or the "Company") reports it has received an initial $2 million royalty investment under the second tranche investment of the Company's royalty agreement dated July 26, 2022 (the "Royalty Agreement'). The Company and the royalty investor ("the Royalty Holder") have also agreed to amend the terms of the Royalty Agreement ("the Amendment") in order to increase flexibility of payment installments and to extend the original July 25, 2024 expiration date. All currency figures are U.S. dollars.
Under the Revised Agreement, the Royalty Holder receives the right to fund the second $12 million tranche in six equal installments of $2 million each ("Additional Payment Installment"), with the right to receive approximately 0.33% of the payable gold production and 1% of the payable silver production from the Pebble Project per Additional Payment Installment made (representing 1/6 of the aggregate royalty under the second tranche). The Company received the first $2 million upon execution of the Amendment.
In the event the Royalty Holder completes all six installments (for a total of $12 million) on or before July 26, 2024, the expiration date of the Royalty Agreement will be extended until July 26, 2025. The remaining three tranches of $12 million each, as described in the Company's July 27, 2022 news release, have not been similarly subdivided, and the aggregate total purchase price of $60 million and maximum royalty rates (10% of payable gold production and 30% of payable silver production) remain unchanged from the original Royalty Agreement.
"We are working with the Royalty Holder to ensure this funding vehicle is structured in the most effective way for both parties," said Ron Thiessen, President and CEO of Northern Dynasty Minerals. "We have agreed with the Royalty Holder to provide flexibility by dividing the $12 million second tranche into six, $2 million payments. The first of these $2 million payments has been made. In addition, we have agreed that if the Royalty Holder completes the full $12 million second tranche by July 26, 2024, we will extend the expiration date for one year."
"Our objective remains to receive the full $60 million which, when completed, increases our financial liquidity. It also allows us to continue the pursuit of the responsible development of the Pebble Project, one of if not the most important critical minerals and metals deposits for the United States of America and the State of Alaska. This project will only be developed with standards that assure the participation of people in the region, Alaska as a whole, and with assurances the environment and subsistence and commercial fisheries are safeguarded at all times," Mr. Thiessen continued.
As reported on July 27, 2022, the first tranche of $12 million was received by the Company in return for the right of the Royalty Holder to receive 2% of the payable gold production and 6% of the payable silver production from the Pebble Project, in each case after accounting for a notional payment by the Royalty Holder of $1,500 per ounce of gold and $10 per ounce of silver, respectively, for the life of the mine. If, in the future, spot prices exceed $4,000 per ounce of gold or $50 per ounce of silver, then the Company will share in 20% of the excess price for either metal. Additionally, the Company will retain a portion of the metal produced for recovery rates in excess of 60% for gold and 65% for silver, and so is incentivized to continually improve operations over the life of the mine.

Northern Dynasty Receives Initial $2M Advance Under Second Tranche Of Amended Royalty Agreement

Northern Dynasty's Faces Another Delay As Alaska District Of The US Army Corps Of Engineers Gets Fifth Extension

<h3>Gainers</h3>
<ul>
<li>Palisade Bio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pali#NASDAQ">PALI</a>) shares jumped 114% to $1.47. Palisade Bio transformed GI-focused pipeline through exclusive worldwide licensing agreement with Giiant Pharma, Inc. for multiple oral drug candidates targeting inflammatory bowel disease.</li>
<li>FOXO Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/foxo#NYSE">FOXO</a>) gained 51.3% to $0.2164 after the company&#39;s FOXO LIFE subsidiary announced an agreement with Atrio, expanding its distribution through Atrio/Singular&#39;s sales network.</li>
<li>iCoreConnect Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/icct#NASDAQ">ICCT</a>) shares climbed 46% to $9.83. iCoreConnect announced new version of its iCoreExchange encrypted HIPAA email and referral network.</li>
<li>Marin Software Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrin#NASDAQ">MRIN</a>) rose 29% to $0.5535 after the company reported HubSpot integration.</li>
<li>AeroVironment, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avav#NASDAQ">AVAV</a>) jumped 28.7% to $122.65 after the company reported better-than-expected results for its first quarter.</li>
<li>FLJ Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/flj#NASDAQ">FLJ</a>) shares jumped 23.1% to $0.2401. FLJ Group is scheduled to hold its 2023 annual general meeting on Sept. 18, 2023.</li>
<li>Power REIT (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pw#NYSE">PW</a>) gained 22.4% to $1.2550.</li>
<li>Theratechnologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/thtx#NASDAQ">THTX</a>) gained 19% to $1.2250.</li>
<li>Cidara Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdtx#NASDAQ">CDTX</a>) climbed 18.5% to $0.94 after Janssen elected to proceed under its license agreement relating to influenza candidate.</li>
<li>Adamas One Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jewl#NASDAQ">JEWL</a>) gained 18.3% to $0.9105. Adamas One received Nasdaq notification of non-compliance with listing rule 5250(c)(1).</li>
<li>9F Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jfu#NASDAQ">JFU</a>) gained 15.3% to $2.8699.</li>
<li>Mitek Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mitk#NASDAQ">MITK</a>) shares surged 15% to $13.00 after the company posted first-quarter results and raised FY23 guidance.</li>
<li>NextGen Healthcare, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nxgn#NASDAQ">NXGN</a>) rose 14.5% to $23.54 after the company agreed to be acquired by Thoma Bravo for $23.95 per share in cash.</li>
<li>Gogo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gogo#NASDAQ">GOGO</a>) climbed 14.5% to $12.75. Gogo announced a $50 million share repurchase program.</li>
<li>Northern Dynasty Minerals Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nak#NYSE">NAK</a>) gained 14.1% to $0.3125. Northern Dynasty&#39;s pebble project received positive assessment with strong economic prospects and benefits for Alaska.</li>
<li>Anghami Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/angh#NASDAQ">ANGH</a>) climbed 13.1% to $0.95.</li>
<li>Hitek Global Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hkit#NASDAQ">HKIT</a>) gained 11.5% to $30.50.</li>
<li>Bridger Aerospace Group Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/baer#NASDAQ">BAER</a>) jumped 9.6% to $7.68.</li>
<li>System1, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sst#NYSE">SST</a>) rose 8.2% to $1.99. System1 confirmed receipt of non-binding indication of interest for Total Security Limited from Just Develop It.</li>
<li>NeuBase Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nbse#NASDAQ">NBSE</a>) shares gained 8% to $1.2403 after jumping over 22% on Tuesday.</li>
<li>Roku, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roku#NASDAQ">ROKU</a>) gained 7.8% to $90.22 after the company disclosed plans to cut workforce by 10% and raised third-quarter revenue guidance above the consensus.</li>
<li>TradeUP Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/uptd#NASDAQ">UPTD</a>) shares gained 7.5% to $13.75 after falling 42% on Tuesday.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>EZGO Technologies Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ezgo#NASDAQ">EZGO</a>) shares dipped 72.9% to $0.4767 after the company reported pricing of $10 million registered direct offering.</li>
<li>Verb Technology Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/verb#NASDAQ">VERB</a>) fell 29.7% to $2.25. Verb Technology Company shares jumped 347% on Tuesday after the completed and launched a technology integration and strategic relationship with global social media platform TikTok.</li>
<li>The Alkaline Water Company Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wter#NASDAQ">WTER</a>) dipped 26.7% to $0.4505.</li>
<li>Lion Group Holding Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lghl#NASDAQ">LGHL</a>) declined 26.2% to $2.17.</li>
<li>Akoustis Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/akts#NASDAQ">AKTS</a>) fell 25% to $1.2388. Akoustis Technologies reported fourth-quarter FY23 revenue growth of 60.2% year-on-year to $8.33 million, missing the consensus of $8.44 million.</li>
<li>AMC Entertainment Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amc#NYSE">AMC</a>) tumbled 23% to $10.49 after the company entered an equity distribution agreement for up to 40 million shares at an at-the-market program.</li>
<li>Clever Leaves Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clvr#NASDAQ">CLVR</a>) fell 22% to $3.23.</li>
<li>Overstock.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ostk#NASDAQ">OSTK</a>) fell 21.2% to $21.62. Bed Bath &amp; Beyond, operated by Overstock.com, issued an update on its third-quarter performance.</li>
<li>Helius Medical Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hsdt#NASDAQ">HSDT</a>) declined 21% to $7.96. Helius Medical Technologies recently gained compliance with all applicable NASDAQ listing criteria.</li>
<li>Blue Star Foods Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bsfc#NASDAQ">BSFC</a>) dipped 18.8% to $0.5349. Blue Star Foods said its soft-shell crab operations in South Carolina received a license renewal from the South Carolina Department of Natural Resources.</li>
<li>CXApp Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cxai#NASDAQ">CXAI</a>) shares fell 18.5% to $3.9188 after jumping over 52% on Tuesday. CXApp announced AI-based augmented reality solution for RTO (Return To Office).</li>
<li>1847 Holdings LLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/efsh#NASDAQ">EFSH</a>) declined 17.2% to $0.0769.</li>
<li>Digital Brands Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dbgi#NASDAQ">DBGI</a>) fell 16.8% to $11.75 after jumping around 32% on Tuesday. The company announced the closure of its offering for the issuance and sale of 513,875 shares of common stock, fetching gross proceeds of approximately $5.0 million.</li>
<li>SIGNA Sports United N.V. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ssu#NYSE">SSU</a>) declined 16.4% to $0.6701.</li>
<li>RVL Pharmaceuticals plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvlp#NASDAQ">RVLP</a>) shares fell 16.3% to $0.1165 after jumping 26% on Tuesday. RVL Pharmaceuticals announced a $5 million registered direct offering of 11,870,846 shares priced at $0.4212 per share.</li>
<li>Applied Molecular Transport Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amti#NASDAQ">AMTI</a>) fell 14.9% to $0.2012 after surging 30% on Tuesday.</li>
<li>Axcella Health Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axla#NASDAQ">AXLA</a>) fell 14.6% to $0.3031.</li>
<li>NWTN Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nwtn#NASDAQ">NWTN</a>) dropped 14.6% to $7.95.</li>
<li>Asana, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/asan#NYSE">ASAN</a>) shares declined 14.5% to $18.50. Asana reported upbeat results for its second quarter. The company said it sees FY24 adjusted loss of 42 cents to 39 cents per share and revenues of $642 million to $648 million.</li>
<li>DocGo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dcgo#NASDAQ">DCGO</a>) fell 14% to $7.03.</li>
<li>EpicQuest Education Group International Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eeiq#NASDAQ">EEIQ</a>) fell 12.3% to $1.21 after jumping 29% on Tuesday.</li>
<li>First Wave BioPharma, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fwbi#NASDAQ">FWBI</a>) fell 12.2% to $0.3950 after jumping 55% on Tuesday.</li>
<li>Photronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plab#NASDAQ">PLAB</a>) fell 11.1% to $20.89 after the company reported worse-than-expected third-quarter results owing to sluggish demand in some end markets.</li>
<li>American Lithium Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amli#NASDAQ">AMLI</a>) declined 9.9% to $1.4050.</li>
<li>Xponential Fitness, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpof#NYSE">XPOF</a>) fell 8.3% to $20.63. Xponential Fitness issued three-year operating targets and issued strategic updates ahead of analyst and investor day.</li>
<li>Core &amp; Main, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnm#NYSE">CNM</a>) fell 7% to $29.40. Core &amp; Main reported second-quarter FY23 sales of $1.861 billion flat year-over-year, missing the consensus of $1.88 billion.</li>
<li>Snap Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/snap#NYSE">SNAP</a>) fell 6% to $9.82.</li>
<li>Enbridge Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/enb#NYSE">ENB</a>) shares fell 5% to $33.53. Enbridge entered into three separate definitive agreements with Dominion Energy, Inc. to acquire EOG, Questar and PSNC for an aggregate purchase price of $14.0 billion.</li>
<li>Telef&oacute;nica, S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tef#NYSE">TEF</a>) shares declined 3.8% to $4.0199. Saudi Telecom Co. bought a stake worth $2.25 billion in Telef&oacute;nica.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34279149/bitcoin-ethereum-flat-synthetix-emerges-as-top-gainer"> Bitcoin, Ethereum Flat; Synthetix Emerges As Top Gainer</a>

AKTS

AMLI

AMTI

ANGH

ASAN

AVAV

AXLA

BAER

BSFC

CDTX

CLVR

CXAI

DBGI

DCGO

EEIQ

EFSH

EZGO

FOXO

FWBI

GOGO

HKIT

HSDT

ICCT

JEWL

LGHL

MITK

MRIN

NBSE

NWTN

NXGN

OSTK

PALI

PLAB

ROKU

RVLP

SNAP

THTX

UPTD

VERB

WTER

XPOF

Why Core & Main Are Trading Lower By 7%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Northern Dynasty's Pebble Project Receives Positive Assessment With Strong Economic Prospects And Benefits For Alaska

Northern Dynasty Minerals (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NAK#AMEX">NAK</a>) reported quarterly losses of $(0.01) per share. This is unchanged from the same period last year.

Earnings

Northern Dynasty Minerals Q2 GAAP EPS $(0.01), Same YoY

HC Wainwright &amp; Co. analyst Heiko Ihle maintains Northern Dynasty Minerals (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NAK#AMEX">NAK</a>) with a Buy and raises the price target from $0.8 to $0.9.

HC Wainwright & Co. Maintains Buy on Northern Dynasty Minerals, Raises Price Target to $0.9

- Form 6 Filing
&nbsp;
Northern Dynasty prepared its Financial Statements on the basis that Northern Dynasty will continue as a going concern.&nbsp; At March&nbsp;31, 2023, the Company had working capital of&nbsp;$8.1&nbsp;million.&nbsp; Northern Dynasty has prioritized the allocation of its financial resources to meet key corporate and Pebble Project expenditure requirements in the near term, including the funding of the appeal and remand of the ROD and legal challenges to EPA&rsquo;s Final Determination.&nbsp; Additional financing will be required to progress any material expenditures at the Pebble Project and for working capital.&nbsp; Northern Dynasty&rsquo;s continuing operations and the underlying value and recoverability of the amounts shown for mineral property interest are entirely dependent upon the existence of economically recoverable mineral reserves at the Pebble Project, the ability of the Company to finance its operating costs, the completion of the exploration and development of the Pebble Project, the Pebble Partnership obtaining the necessary permits to mine, and on future profitable production at the Pebble Project.&nbsp; Furthermore, failure to continue as a going concern would require that Northern Dynasty&#39;s assets and liabilities be restated on a liquidation basis, which would likely differ significantly from their going concern assumption carrying values.

Management

Northern Dynasty's Ability To Continue As A Going Concern Is Dependent On Its Ability To Finance Its Operating Costs, Complete Exploration And Development, Obtain Necessary Permits To Mine, And Achieve Future Profitable Production At The Pebble Project

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
<a href="https://investorplace.com/stock-types/penny-stocks/">Penny stocks</a> are not everyone&rsquo;s cup of tea due to their inherent volatility, and any stock not named Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>), up 152% this year, is struggling for relevance.



Notwithstanding, aggressive investors choose penny stocks for the prospect of making monster returns with only a few cents and dollars. After all, some of the world&rsquo;s most successful companies are former penny stocks, with Apple (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>), Monster Beverage Corporation (NASDAQ:<a href="https://investorplace.com/stock-quotes/mnst-stock-quote/">MNST</a>), and Ford (NYSE:<a href="https://investorplace.com/stock-quotes/f-stock-quote/">F</a>) being classic examples.



Goldman Sachs (NYSE:<a href="https://investorplace.com/stock-quotes/gs-stock-quote/">GS</a>) and Bank of America&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/bac-stock-quote/">BAC</a>) bullish 2024 economic forecasts all add to the thesis.



Goldman Sachs has raised its target for the S&amp;P 500 at the <a href="https://www.reuters.com/markets/us/goldman-sachs-lifts-2024-sp-500-target-5200-upbeat-profit-outlook-2024-02-19/">end of the year to 5,200</a>, thanks to falling inflation and a &ldquo;dovish&rdquo; Fed attitude. Meanwhile, Bank of America, with a goal of 5,000, <a href="https://newsroom.bankofamerica.com/content/newsroom/press-releases/2023/11/bofa-global-research-calls-2024--the-year-of-the-landing--.html">believes the economy</a> has adjusted to higher rates and inflation has stabilized.



These forecasts can also get supercharged after the US election in November and when the three interest rate cuts take place. This means the time for investing in penny stocks is now, as these offer up to 218% in potential upside.



<h3>Phunware (PHUN)</h3>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/phun1600-300x169.png" alt="Phunware is a cutting-edge technology company developing mobile apps for brands, enhancing user experience for seamless digital interaction. PHUN stock"><div>Source: MacroEcon / Shutterstock.com</div></div>Phunware (NASDAQ:<a href="https://investorplace.com/stock-quotes/phun-stock-quote/">PHUN</a>) continues to retain a consensus of &ldquo;strong buy,&rdquo; with analysts citing its mobility and digital transformation potential as highlights. Analysts are predicting an average price target of $18, indicating a <a href="https://www.tipranks.com/stocks/PHUN/forecast">potential upside of 218%</a>, even if the stock is up 36% in 2024.



Phunware&rsquo;s excellent stock performance is partly <a href="https://investors.phunware.com/news-events/press-releases/detail/307/phunware-signs-multi-year-renewals-of-mobile-solutions-with">due to multi-year renewals</a> of its mobile solutions with major hotel and healthcare customers. This boosted the company&rsquo;s position in corporate cloud platforms for mobile engagement.



Having <a href="https://investors.phunware.com/news-events/press-releases/detail/303/phunware-expands-hospitality-portfolio-via-a-multi-year">inked a multi-year agreement</a> with PAL+ and Escapades Memphr&eacute;magog, Phunware is also growing in the hotel industry.



As part of a bigger strategy to use blockchain technology to increase engagement and revenue, Phunware also continuously enhances its digital asset ecosystem by introducing new currencies <a href="https://investors.phunware.com/sec-filings/all-sec-filings/content/0001628280-23-010188/0001628280-23-010188.pdf">like PhunCoin and PhunToken</a>.



Apart from its strides in blockchain technology and hospitality, Phunware is also performing financially. It exceeded its internal revenue targets for the first quarter of 2024, <a href="https://investors.phunware.com/news-events/press-releases/detail/310/phunware-reports-significant-improvement-in-first-quarter">reduced its net loss by 46%</a>, and reported an almost 1,500% increase in its cash position. PHUN also has an &ldquo;at-the-market&rdquo; equity program in place to offer up to $120 million for further expanding its operations or shoring up its balance sheet.



<h2>Canaan (CAN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/canaan-can-1600-300x169.jpg" alt="web browser showing Canaan (CAN) logo on website"><div>Source: shutterstock.com/Jarretera</div></div>Canaan&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/can-stock-quote/">CAN</a>) dominance in bitcoin mining attracts blockchain and AI investment. However, it&rsquo;s down 50% this year, as investors take profits after the fourth Bitcoin halving on April 20.



However, Canaan can reverse the negative momentum <a href="https://investor.canaan-creative.com/news-releases/news-release-details/canaan-unveils-new-avalon-a1566-mining-machines-bitcoin-asia">through its newest offering</a>, the Avalon A1566, revealed at the Bitcoin Asia show in Hong Kong. The A1566 is the most powerful Bitcoin miner the company has made so far and is part of the Avalon A15 line.



Demand for the product is strong. In June, <a href="https://www.prnewswire.com/news-releases/canaan-inc-secures-large-avalon-miner-a1566-purchase-order-from-cipher-mining-technologies-inc-302165764.html">Canaan received a big order</a> from Cipher Mining Technologies to buy its Avalon Miner A1566.



However, the best thing Canaan can do to boost investor confidence is to perform on the bottom line. Canaan&rsquo;s unaudited <a href="https://investor.canaan-creative.com/news-releases/news-release-details/canaan-inc-reports-unaudited-first-quarter-2024-financial">first-quarter 2024 financial results</a> reveal earnings of $35.1 million, above analysts&rsquo; expectations, a 182.1% increase in mining revenue to $10.5 million, and the narrowing of CAN&rsquo;s net loss by 71.7% from the previous period to $39.4 million. This demonstrates a bright start to the year and a substantial mining revenue increase between quarters.



Unsurprisingly, thanks to excellent financials and the hype surrounding crypto, CAN has a potential 180% upside. However, only one analyst is reporting this, so take it with a grain of salt when investing.



<h2>Northern Dynasty (NAK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/penny-1600-300x169.jpg" alt="Pennies in a jar on top of a background of blurred pennies. Penny stocks."><div>Source: John Brueske / Shutterstock</div></div>Northern Dynasty (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/nak-stock-quote/">NAK</a>) holds a big stake in the Pebble Project, a world-class copper, gold, molybdenum, and silver mine, and analysts are projecting big things for NAK, with 173% possible upside. However, the project&rsquo;s legal issues make NAK stock, which trades at 29 cents, riskier even for penny stocks.



On the positive side, Northern Dynasty&rsquo;s Pebble Project Preliminary Economic Assessment (PEA) <a href="https://northerndynastyminerals.com/site/assets/files/4984/pebble-project-pea-report-update_2022_final_08-11-2022_a.pdf">shows strong expected financial results</a> and a lot of promise for metal output, such as copper, gold, and rhenium.



In addition, Northern Dynasty <a href="https://finance.yahoo.com/news/northern-dynasty-receives-initial-advance-233500153.html">received an initial advance</a> under the second tranche of a modified royalty arrangement. With this arrangement, financing for the Pebble Project is guaranteed, and the royalty holder will receive a portion of any future production of gold and silver. Northern Dynasty also executed a convertible note and private placement for $23 million to finance the Pebble Project.



Since the <a href="https://biologicaldiversity.org/w/news/press-releases/coalition-takes-action-against-epa-for-failing-to-implement-clean-water-act-2024-05-02/">Clean Water Act provides the EPA</a> with broad regulatory authority, the project&rsquo;s legal challenges are significant. Earlier this year, Northern Dynasty <a href="https://northerndynastyminerals.com/news/news-releases/2024/northern-dynasty-files-motion-to-modify-its-epa-veto-complaint-by-adding-new-claims-against-the-us-army-corps-of-engineers/">sued the federal government twice</a> for blocking the Pebble mine. NAK recently moved to add U.S. Army Corps of Engineers allegations to its EPA case.



On the date of publication, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&amp;P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.</div><h3>More From InvestorPlace</h3>
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Warning: NAK is at high risk of performing badly

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Alaska Corporations Fight EPA Veto on Pebble Project

Alaska native groups sue EPA over veto of Northern Dynasty's Pebble mine

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Northern Dynasty Minerals Shareholders Elect Directors, Approve Plans

Analyst Heiko Ihle from H.C. Wainwright reiterated a Buy rating on Northern Dynasty Minerals (NAK – Research Report) and increased the price target...

Buy Rating Affirmed: Strong Local Support and Legal Progress Boost Prospects for Pebble Project Amid Favorable Precious Metals Outlook

Northern Dynasty Minerals (TSE:NDM) has released an update. Northern Dynasty Minerals Ltd. has successfully received the final $10 million installm...

Northern Dynasty Completes Key Royalty Payment

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Northern Dynasty Minerals (NYSEMKT:<a href="https://investorplace.com/stock-quotes/nak-stock-quote/">NAK</a>) just reported results for the second quarter of 2024.<ul><li>Northern Dynasty Minerals reported earnings per share of -1 cent.</li><li>The company did not report any revenue for the quarter.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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Press Releases

Northern Dynasty: State of Alaska Files Action Seeking to Vacate EPA's Unlawful Veto

Northern Dynasty: USACE Updates the Pebble Permitting Process in Light of the EPA Veto

Northern Dynasty Makes Annual Filings

Northern Dynasty: Files Motion to Modify its EPA Veto Complaint  by Adding New Claims Against the US Army Corps of Engineers

Northern Dynasty: Two Alaska Native Village Corporations Sue to Stop EPA's Pebble Project Veto

Northern Dynasty Reports Annual General Meeting Results

Northern Dynasty: Second Tranche of Amended Royalty Agreement Completed with Receipt of US $10 Million

Northern Dynasty: Alaska Court Grants Motion to Add USACE to Existing EPA Complaint

Northern Dynasty: Josie Hickel Joins Board of Directors

Northern Dynasty: Alaska Governor Asks Trump to Prioritize Alaska-Specific Executive Order to Simplify Permitting

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