Northern Dynasty Minerals (TSE:NDM) Shares Up 25% – Here’s Why

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) shot up 25% during mid-day trading on Saturday . The company traded as high as C$2.42 and last traded at C$2.40. 3,243,270 shares were traded during trading, an increase of 276% from the average session volume of 861,948 shares. The stock had previously closed at C$1.92.

Northern Dynasty Minerals Trading Up 25.0%

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 business’s fifty day moving average is C$1.63 and its 200 day moving average is C$1.28. The firm has a market capitalization of C$1.30 billion, a price-to-earnings ratio of -76.07 and a beta of 0.75.

Insiders Place Their Bets

In other Northern Dynasty Minerals news, insider Bruce Wayne Jenkins sold 50,000 shares of Northern Dynasty Minerals stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of C$1.72, for a total value of C$86,000.00. Insiders own 1.86% of the company’s stock.

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.