Northern Dynasty Minerals (TSE:NDM) Trading 10.4% Higher - Should You Buy?

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

Analysts Set New Price Targets

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

Northern Dynasty Minerals Price Performance

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 business's fifty day moving average price is C$1.18 and its 200-day moving average price is C$0.89. The stock has a market capitalization of C$754.99 million, a price-to-earnings ratio of -44.06 and a beta of 0.75.

Insider Transactions 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 shares were 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.