Northern Dynasty Minerals (TSE:NDM) Trading Down 14.4% - Here's What Happened

Shares of Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK were down 14.4% during mid-day trading on Tuesday . The company traded as low as C$1.72 and last traded at C$1.84. Approximately 3,296,926 shares traded hands during mid-day trading, an increase of 293% from the average daily volume of 839,173 shares. The stock had previously closed at C$2.15.

Northern Dynasty Minerals Trading Up 6.5%

The company has a market capitalization of C$1.06 billion, a P/E ratio of -62.12 and a beta of 0.75. The stock's 50 day moving average is C$1.60 and its 200-day moving average is C$1.25. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.04 and a quick ratio of 3.93.

Insiders Place Their Bets

In other Northern Dynasty Minerals news, insider Bruce Wayne Jenkins sold 50,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were 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.