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Northern Dynasty Minerals (TSE:NDM) Shares Pass Above Fifty Day Moving Average - Here's What Happened

Northern Dynasty Minerals logo with Basic Materials background

Shares of Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.84 and traded as high as C$1.07. Northern Dynasty Minerals shares last traded at C$1.06, with a volume of 95,287 shares traded.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on Northern Dynasty Minerals

Northern Dynasty Minerals Stock Performance

The company has a current ratio of 0.61, a quick ratio of 3.93 and a debt-to-equity ratio of 2.65. The company has a market cap of C$559.23 million, a PE ratio of -34.67 and a beta of 0.75. The firm's 50-day simple moving average is C$0.86 and its two-hundred day simple moving average is C$0.64.

About Northern Dynasty Minerals

(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.

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