Northern Dynasty Minerals (TSE:NDM) Stock Price Passes Above 50-Day Moving Average - Here's Why

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK's share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.76 and traded as high as C$1.02. Northern Dynasty Minerals shares last traded at C$1.01, with a volume of 415,033 shares changing hands.

Analyst Upgrades and Downgrades

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

Northern Dynasty Minerals Trading Down 4.0 %

The company has a quick ratio of 3.93, a current ratio of 0.61 and a debt-to-equity ratio of 2.65. The company has a market capitalization of C$521.59 million, a PE ratio of -32.33 and a beta of 0.75. The stock's 50 day moving average is C$0.76 and its two-hundred day moving average is C$0.59.

Insider Activity

In other news, Director Robert Allan Dickinson sold 100,000 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of C$0.59, for a total value of C$59,010.00. Insiders own 1.86% of the company's stock.

About Northern Dynasty Minerals

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.