Northern Dynasty Minerals (TSE:NDM) Trading 2.9% Higher – Here’s Why

Shares of Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) were up 2.9% during mid-day trading on Friday . The stock traded as high as C$0.71 and last traded at C$0.70. Approximately 127,519 shares traded hands during trading, an increase of 10% from the average daily volume of 115,889 shares. The stock had previously closed at C$0.68.

Northern Dynasty Minerals Stock Performance

The company has a debt-to-equity ratio of 2.65, a quick ratio of 3.93 and a current ratio of 0.61. The stock has a market capitalization of C$387.16 million, a P/E ratio of -24.00 and a beta of 0.75. The business has a 50-day moving average price of C$0.63 and a 200 day moving average price of C$0.52.

Insider Transactions at Northern Dynasty Minerals

In related news, Director Robert Allan Dickinson sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of C$0.59, for a total value of C$59,010.00. 1.86% of the stock is owned by insiders.

About Northern Dynasty Minerals

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in the Pebble Copper-Gold-Molybdenum-Silver-Rhenium project comprising 1,840 mineral claims that covers an area of approximately 274 square miles located in southwest Alaska, the United States.