Northern Dynasty Minerals (TSE:NDM) Trading 10.4% Higher - Here's Why

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK's stock price traded up 10.4% during mid-day trading on Wednesday . The stock traded as high as C$1.52 and last traded at C$1.49. 859,446 shares changed hands during mid-day trading, an increase of 37% from the average session volume of 625,151 shares. The stock had previously closed at C$1.35.

Analysts Set New Price Targets

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

Northern Dynasty Minerals Stock Down 9.6 %

The company has a debt-to-equity ratio of 2.33, a current ratio of 1.04 and a quick ratio of 3.93. The company has a market capitalization of C$765.85 million, a PE ratio of -44.69 and a beta of 0.75. The business's 50 day simple moving average is C$1.18 and its 200 day simple moving average is C$0.89.

Insider Activity at Northern Dynasty Minerals

In related news, insider Bruce Wayne Jenkins sold 25,000 shares of the firm's 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. 1.86% of the stock is currently owned by insiders.

About 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.