Northern Dynasty Minerals (TSE:NDM) Stock Price Down 24.2% Following Insider Selling

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s stock price traded down 24.2% on Thursday after an insider sold shares in the company. The stock traded as low as C$1.41 and last traded at C$2.38. 6,716,934 shares were traded during trading, an increase of 545% from the average session volume of 1,041,652 shares. The stock had previously closed at C$3.14.

Specifically, Director Michael Heatwole sold 102,000 shares of Northern Dynasty Minerals stock in a transaction on Monday, July 14th. The shares were 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 Northern Dynasty Minerals stock in a transaction on Monday, July 14th. The shares were sold at an average price of C$3.03, for a total transaction of C$606,400.00. In related news, Director James Eduard Fueg sold 51,000 shares of Northern Dynasty Minerals stock in a transaction on Monday, July 14th. The shares were sold at an average price of C$2.95, for a total value of C$150,450.00.

Northern Dynasty Minerals Trading Down 29.0%

The firm has a market cap of C$1.21 billion, a P/E ratio of -70.68 and a beta of 0.75. The firm’s fifty day moving average is C$1.86 and its two-hundred day moving average is C$1.40. The company has a quick ratio of 3.93, a current ratio of 1.04 and a debt-to-equity ratio of 2.33.

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.