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

Shares of Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) traded up 25% during trading on Saturday . The company traded as high as C$2.42 and last traded at C$2.40. 3,243,270 shares traded hands during mid-day 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 Price Performance

The business’s 50 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 P/E ratio of -76.07 and a beta of 0.75. 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 Transactions at Northern Dynasty Minerals

In other news, insider Bruce Wayne Jenkins sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of C$1.72, for a total transaction 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.