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

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

Wall Street Analysts Forecast Growth

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

Northern Dynasty Minerals Stock Down 9.0 %

The stock has a market capitalization of C$771.28 million, a price-to-earnings ratio of -45.01 and a beta of 0.75. The company has a quick ratio of 3.93, a current ratio of 1.04 and a debt-to-equity ratio of 2.33. The stock has a 50 day moving average price of C$1.18 and a 200 day moving average price of C$0.89.

Insider Buying and Selling at Northern Dynasty Minerals

In other 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. Corporate 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.