Northern Dynasty Minerals (TSE:NDM) Hits New 1-Year High - Here's What Happened

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$1.84 and last traded at C$1.75, with a volume of 1659045 shares traded. The stock had previously closed at C$1.57.

Northern Dynasty Minerals Trading Up 7.4%

The stock has a 50-day simple moving average of C$1.43 and a 200 day simple moving average of C$1.11. The company has a current ratio of 1.04, a quick ratio of 3.93 and a debt-to-equity ratio of 2.33. The company has a market cap of C$945.09 million, a price-to-earnings ratio of -55.15 and a beta of 0.75.

Insiders Place Their Bets

In other news, insider Bruce Wayne Jenkins sold 25,000 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of C$1.65, for a total value of C$41,360.00. 1.86% of the stock is currently owned by insiders.

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.