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Northern Dynasty Minerals (TSE:NDM) Share Price Crosses Above Fifty Day Moving Average - Here's What Happened

Northern Dynasty Minerals logo with Basic Materials background
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Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK's share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.97 and traded as high as C$1.06. Northern Dynasty Minerals shares last traded at C$1.02, with a volume of 200,880 shares changing hands.

Analysts Set New Price Targets

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

Read Our Latest Stock Report on NDM

Northern Dynasty Minerals Stock Performance

The firm has a market capitalization of C$711.53 million, a price-to-earnings ratio of -41.52 and a beta of 0.75. The firm's 50-day moving average price is C$0.97 and its two-hundred day moving average price is C$0.74. The company has a debt-to-equity ratio of 2.33, a quick ratio of 3.93 and a current ratio of 1.04.

Northern Dynasty Minerals Company Profile

(Get Free Report)

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.

Further Reading

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