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Northern Dynasty Minerals (TSE:NDM) Shares Pass Above 50-Day Moving Average - Here's Why

Northern Dynasty Minerals logo with Basic Materials background

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK's stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.89 and traded as high as C$1.00. Northern Dynasty Minerals shares last traded at C$0.98, with a volume of 168,366 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upgraded Northern Dynasty Minerals to a "strong-buy" rating in a research report on Thursday, January 2nd.

Check Out Our Latest Research Report on NDM

Northern Dynasty Minerals Price Performance

The company has a current ratio of 1.04, a quick ratio of 3.93 and a debt-to-equity ratio of 2.33. The firm has a market cap of C$510.57 million, a price-to-earnings ratio of -29.79 and a beta of 0.75. The stock has a 50-day moving average of C$0.91 and a two-hundred day moving average of C$0.67.

Northern Dynasty Minerals Company Profile

(Get Free Report)

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in the Pebble Copper-Gold-Molybdenum-Silver-Rhenium project comprising 1,840 mineral claims that covers an area of approximately 274 square miles located in southwest Alaska, the United States.

Further Reading

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