Northern Dynasty Minerals (TSE:NDM) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$2.92 and traded as high as C$3.07. Northern Dynasty Minerals shares last traded at C$2.95, with a volume of 977,867 shares changing hands.

Northern Dynasty Minerals Stock Performance

The company has a 50-day simple moving average of C$2.92 and a two-hundred day simple moving average of C$2.30. The company has a quick ratio of 3.93, a current ratio of 1.04 and a debt-to-equity ratio of 2.33. The firm has a market cap of C$1.63 billion, a PE ratio of -19.67 and a beta of -0.53.

Northern Dynasty Minerals Company Profile

Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty’s principal asset, owned through its wholly owned Alaska -based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project.