Northern Dynasty Minerals (TSE:NDM) Stock Price Down 18.1% - Here's What Happened

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK's stock price dropped 18.1% during mid-day trading on Monday . The company traded as low as C$1.73 and last traded at C$1.76. Approximately 2,476,154 shares changed hands during trading, an increase of 198% from the average daily volume of 830,643 shares. The stock had previously closed at C$2.15.

Northern Dynasty Minerals Stock Performance

The company has a market cap of C$999.41 million, a PE 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 business has a fifty day moving average of C$1.59 and a 200-day moving average of C$1.24.

Insiders Place Their Bets

In other Northern Dynasty Minerals news, insider Bruce Wayne Jenkins sold 50,000 shares of Northern Dynasty Minerals stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of C$1.72, for a total transaction of C$86,000.00. 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.