Northern Dynasty Minerals (TSE:NDM) Shares Up 4.8% – Time to Buy?

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s stock price shot up 4.8% on Thursday . The company traded as high as C$2.87 and last traded at C$2.86. 188,160 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 1,679,285 shares. The stock had previously closed at C$2.73.

Northern Dynasty Minerals Trading Up 5.5%

The business’s 50 day moving average price is C$2.38 and its two-hundred day moving average price is C$2.55. The company has a market capitalization of C$1.61 billion, a price-to-earnings ratio of -28.80 and a beta of -0.63. The company has a debt-to-equity ratio of 174.11, a quick ratio of 3.93 and a current ratio of 0.71.

Northern Dynasty Minerals (TSE:NDM) (NYSE:NAK) last issued its quarterly earnings results on Friday, May 15th. The mining company reported C$0.01 earnings per share for the quarter. Equities analysts forecast that Northern Dynasty Minerals Ltd. will post -0.02 earnings per share for the current fiscal year.

Insider Transactions at Northern Dynasty Minerals

In other news, insider Adam Jonathan Chodos sold 55,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of C$3.12, for a total value of C$171,600.00. Following the completion of the sale, the insider directly owned 43,000 shares of the company’s stock, valued at approximately C$134,160. This represents a 56.12% decrease in their position. Also, insider Llc Kopernik Global Investors sold 107,066 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of C$2.95, for a total transaction of C$315,844.70. Following the completion of the sale, the insider directly owned 2,951,880 shares of the company’s stock, valued at approximately C$8,708,046. This represents a 3.50% decrease in their ownership of the stock. In the last three months, insiders sold 312,066 shares of company stock valued at $946,445. Company insiders own 1.86% of the company’s stock.

Northern Dynasty Minerals Company Profile

Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty’s principal asset, owned through its wholly owned Alaska -based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project.