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

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

Wall Street Analysts Forecast Growth

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

Northern Dynasty Minerals Stock Performance

The stock has a market cap of C$771.28 million, a P/E ratio of -45.01 and a beta of 0.75. The stock has a fifty day simple moving average of C$1.18 and a 200-day simple 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.

Insider Activity at Northern Dynasty Minerals

In other Northern Dynasty Minerals news, insider Bruce Wayne Jenkins sold 25,000 shares of the stock in a transaction dated Monday, March 24th. The stock was 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.