Northern Dynasty Minerals (TSE:NDM) Stock Crosses Above 50-Day Moving Average – Here’s Why

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$2.68 and traded as high as C$2.94. Northern Dynasty Minerals shares last traded at C$2.87, with a volume of 503,200 shares changing hands.

Northern Dynasty Minerals Stock Up 1.8%

The company has a debt-to-equity ratio of 2.33, a current ratio of 1.04 and a quick ratio of 3.93. The firm’s 50-day moving average price is C$2.68 and its 200 day moving average price is C$1.97. The firm has a market capitalization of C$1.59 billion, a price-to-earnings ratio of -19.13 and a beta of -0.32.

Northern Dynasty Minerals (TSE:NDM) (NYSE:NAK) last posted its earnings results on Friday, November 14th. The mining company reported C($0.01) earnings per share (EPS) for the quarter. Sell-side analysts expect that Northern Dynasty Minerals Ltd. will post -0.02 EPS for the current year.

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.