Northern Dynasty Minerals (TSE:NDM) Stock Price Down 37.7% After Insider Selling

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s share price dropped 37.7% during mid-day trading on Friday after an insider sold shares in the company. The stock traded as low as C$1.11 and last traded at C$1.39. Approximately 10,739,408 shares changed hands during trading, an increase of 850% from the average daily volume of 1,130,091 shares. The stock had previously closed at C$2.23.

Specifically, Director Ronald William Thiessen sold 600,000 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of C$3.01, for a total transaction of C$1,803,600.00. Also, Director Michael Heatwole sold 102,000 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of C$2.94, for a total transaction of C$300,186.00. In related news, Senior Officer Stephen Hodgson sold 200,000 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of C$3.03, for a total transaction of C$606,400.00.

Northern Dynasty Minerals Stock Down 37.7%

The company’s 50-day moving average is C$1.86 and its 200 day moving average is C$1.40. The company has a market capitalization of C$754.99 million, a PE ratio of -44.06 and a beta of 0.75. The company has a debt-to-equity ratio of 2.33, a quick ratio of 3.93 and a current ratio of 1.04.

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.