Northern Dynasty Minerals (TSE:NDM) Shares Up 10.4% - Time to Buy?

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

Analyst Ratings Changes

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

Northern Dynasty Minerals Price Performance

The stock has a fifty day moving average of C$1.18 and a 200-day moving average of 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 firm has a market capitalization of C$760.42 million, a P/E ratio of -44.37 and a beta of 0.75.

Insider Activity

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

About Northern Dynasty Minerals

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.