Northern Dynasty Minerals (TSE:NDM) Shares Cross Above 50-Day Moving Average - Time to Sell?

Key Points

• Northern Dynasty Minerals shares have crossed above their 50-day moving average, currently trading at C$1.72, compared to the average of C$1.22.
• Insider selling has been significant, with 1.4 million shares sold by insiders valued at over C$4.1 million in the last three months.
• The company, known for its Pebble Project in Alaska, has a market cap of C$949.01 million and a negative price-to-earnings ratio of -11.47.

Northern Dynasty Minerals Ltd. (TSE:NDM - NYSE: NAK's share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$1.22 and traded as high as C$1.74. Northern Dynasty Minerals shares last traded at C$1.72, with a volume of 2,561,057 shares traded.

Northern Dynasty Minerals Stock Performance

The stock's 50-day simple moving average is C$1.22 and its two-hundred day simple moving average is C$1.50. The stock has a market cap of C$949.01 million, a price-to-earnings ratio of -11.47 and a beta of -0.36. The company has a debt-to-equity ratio of 2.33, a quick ratio of 3.93 and a current ratio of 1.04.

Insider Buying and Selling at Northern Dynasty Minerals

In other news, Senior Officer Adam Jonathan Chodos sold 196,000 shares of the stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of C$2.53, for a total transaction of C$495,978.00. 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. Insiders have sold 1,418,914 shares of company stock valued at $4,122,570 in the last three months. Company insiders own 1.86% of the company's stock.

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.

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