Northern Dynasty Minerals (TSE:NDM) Shares Up 12.6% - Here's Why

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK shares rose 12.6% on Tuesday . The stock traded as high as C$1.52 and last traded at C$1.52. Approximately 444,586 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 618,320 shares. The stock had previously closed at C$1.35.

Analyst Ratings Changes

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

Northern Dynasty Minerals Stock Performance

The company has a market capitalization of C$847.32 million, a P/E ratio of -49.44 and a beta of 0.75. 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 company's fifty day moving average is C$1.18 and its 200 day moving average is C$0.89.

Insider Activity

In other news, insider Bruce Wayne Jenkins sold 25,000 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of C$1.65, for a total value of C$41,360.00. 1.86% of the stock is owned by company insiders.

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.