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Northern Dynasty Minerals (TSE:NDM) Trading Up 10.4% - Here's Why

Northern Dynasty Minerals logo with Basic Materials background

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

Analyst Ratings Changes

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

View Our Latest Stock Report on Northern Dynasty Minerals

Northern Dynasty Minerals Trading Up 5.4 %

The company's 50 day simple moving average is C$1.18 and its two-hundred day simple moving average is C$0.89. 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 company has a market capitalization of C$847.32 million, a price-to-earnings ratio of -49.44 and a beta of 0.75.

Insider Buying and Selling

In related news, insider Bruce Wayne Jenkins sold 25,000 shares of the stock in a transaction that occurred on 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

(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.

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