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

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

Analysts Set New Price Targets

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

Northern Dynasty Minerals Trading Down 9.6 %

The business has a 50 day moving average of C$1.18 and a two-hundred day moving average of C$0.89. The firm has a market capitalization of C$765.85 million, a price-to-earnings ratio of -44.69 and a beta of 0.75. The company has a debt-to-equity ratio of 2.33, a quick ratio of 3.93 and a current ratio of 1.04.

Insider Activity

In other Northern Dynasty Minerals news, insider Bruce Wayne Jenkins sold 25,000 shares of the firm's stock in a transaction 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. 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.