Northern Dynasty Minerals (TSE:NDM) Shares Down 29% - Here's Why

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK dropped 29% on Friday . The stock traded as low as C$1.41 and last traded at C$2.23. Approximately 8,945,346 shares were traded during trading, an increase of 744% from the average daily volume of 1,059,950 shares. The stock had previously closed at C$3.14.

Northern Dynasty Minerals Stock Down 37.7%

The firm has a 50 day simple moving average of C$1.86 and a two-hundred day simple moving average of C$1.40. The company has a market capitalization of C$754.99 million, a PE ratio of -44.06 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.

Insider Transactions at Northern Dynasty Minerals

In other news, insider Llc Kopernik Global Investors sold 103,438 shares of the company's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of C$3.04, for a total value of C$314,844.58. Also, Director Michael Heatwole sold 102,000 shares of the company's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of C$2.94, for a total value of C$300,186.00. In the last three months, insiders sold 1,468,914 shares of company stock valued at $4,208,570. Corporate 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.