Northern Dynasty Minerals (TSE:NDM) Trading Down 13.5% - Here's What Happened

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK shares traded down 13.5% on Monday . The company traded as low as C$1.76 and last traded at C$1.86. 1,748,610 shares changed hands during trading, an increase of 112% from the average session volume of 825,344 shares. The stock had previously closed at C$2.15.

Northern Dynasty Minerals Stock Performance

The stock has a market capitalization of C$999.41 million, a price-to-earnings ratio of -58.32 and a beta of 0.75. 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 firm has a 50-day moving average of C$1.59 and a 200-day moving average of C$1.24.

Insiders Place Their Bets

In other news, insider Bruce Wayne Jenkins sold 50,000 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of C$1.72, for a total value of C$86,000.00. Insiders own 1.86% of the company's stock.

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.