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

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

Northern Dynasty Minerals Stock 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 firm’s 50-day moving average is C$1.63 and its two-hundred day moving average is C$1.28. The stock has a market cap of C$1.30 billion, a price-to-earnings ratio of -76.07 and a beta of 0.75.

Insider Buying and Selling at Northern Dynasty Minerals

In related news, insider Bruce Wayne Jenkins sold 50,000 shares of the company’s stock in a transaction dated 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 company 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.