Northern Dynasty Minerals (TSE:NDM) Shares Down 29.3% Following Insider Selling

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s stock price dropped 29.3% during mid-day trading on Thursday following insider selling activity. The company traded as low as C$1.41 and last traded at C$2.22. Approximately 6,299,099 shares traded hands during mid-day trading, an increase of 506% from the average daily volume of 1,039,511 shares. The stock had previously closed at C$3.14.

Specifically, Director Michael Heatwole sold 102,000 shares of the company’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of C$2.94, for a total value of C$300,186.00. Also, Senior Officer Stephen Hodgson sold 200,000 shares of the company’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of C$3.03, for a total value of C$606,400.00. In related news, Director James Eduard Fueg sold 51,000 shares of the company’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of C$2.95, for a total value of C$150,450.00.

Northern Dynasty Minerals Stock Down 29.0%

The company has a market cap of C$1.21 billion, a price-to-earnings ratio of -70.68 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. The business has a fifty day moving average of C$1.86 and a two-hundred day moving average of C$1.40.

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.