Northern Dynasty Minerals (TSE:NDM) Trading 12.6% Higher – Here’s Why

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s stock price traded up 12.6% during trading on Tuesday . The stock traded as high as C$1.52 and last traded at C$1.52. 444,586 shares changed hands during trading, a decline of 28% from the average session volume of 618,320 shares. The stock had previously closed at C$1.35.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised shares of Northern Dynasty Minerals to a “strong-buy” rating in a report on Thursday, January 2nd.

Northern Dynasty Minerals Stock Performance

The company has a quick ratio of 3.93, a current ratio of 1.04 and a debt-to-equity ratio of 2.33. The stock has a market capitalization of C$814.73 million, a PE ratio of -47.54 and a beta of 0.75. The firm has a 50 day moving average price of C$1.15 and a 200-day moving average price of C$0.86.

Insider Buying and Selling at Northern Dynasty Minerals

In other Northern Dynasty Minerals news, insider Bruce Wayne Jenkins sold 25,000 shares of Northern Dynasty Minerals stock in a transaction dated Monday, March 24th. The stock was sold at an average price of C$1.65, for a total transaction of C$41,360.00. Company insiders own 1.86% of the company’s stock.

Northern Dynasty Minerals Company Profile

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.