Northern Dynasty Minerals (TSE:NDM) Trading Down 37.7% Following Insider Selling

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s stock price was down 37.7% during 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 were traded 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 that occurred on Monday, July 14th. The shares were sold at an average price of C$3.01, for a total value of C$1,803,600.00. Also, Director Michael Heatwole sold 102,000 shares of the stock in a transaction that occurred on 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 other news, Senior Officer Stephen Hodgson sold 200,000 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of C$3.03, for a total value of C$606,400.00.

Northern Dynasty Minerals Stock Down 37.7%

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

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.