Northern Dynasty Minerals (TSE:NDM) Trading 22.4% Higher – Here’s What Happened

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s stock price rose 22.4% during trading on Friday . The stock traded as high as C$2.42 and last traded at C$2.35. Approximately 2,144,054 shares were traded during trading, an increase of 154% from the average daily volume of 843,197 shares. The stock had previously closed at C$1.92.

Northern Dynasty Minerals Price Performance

The company has a current ratio of 1.04, a quick ratio of 3.93 and a debt-to-equity ratio of 2.33. The stock has a market capitalization of C$1.30 billion, a price-to-earnings ratio of -76.07 and a beta of 0.75. The company’s 50 day moving average is C$1.63 and its 200 day moving average is C$1.28.

Insider Buying and Selling at Northern Dynasty Minerals

In related news, insider Bruce Wayne Jenkins sold 50,000 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of C$1.72, for a total value of C$86,000.00. 1.86% of the stock is currently 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.