Northern Dynasty Minerals (TSE:NDM) Trading Up 25% – Should You Buy?

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s stock price rose 25% during mid-day trading on Saturday . The company traded as high as C$2.42 and last traded at C$2.40. Approximately 3,243,270 shares were traded 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 business has a fifty day moving average of C$1.63 and a 200-day moving average of C$1.28. The company has a market cap of C$1.30 billion, a PE ratio of -76.07 and a beta of 0.75. The company has a current ratio of 1.04, a quick ratio of 3.93 and a debt-to-equity ratio of 2.33.

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 that occurred on Thursday, June 5th. The stock was sold at an average price of C$1.72, for a total transaction of C$86,000.00. 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.