Northern Dynasty Minerals (TSE:NDM) Shares Down 29.3% After Insider Selling

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK traded down 29.3% during trading on Thursday after an insider sold shares in the company. The stock traded as low as C$1.41 and last traded at C$2.22. 6,299,099 shares were traded during mid-day trading, an increase of 506% from the average session volume of 1,039,511 shares. The stock had previously closed at C$3.14.

Specifically, Director Michael Heatwole sold 102,000 shares of Northern Dynasty Minerals 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 value of C$300,186.00. Also, Senior Officer Stephen Hodgson sold 200,000 shares of Northern Dynasty Minerals stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of C$3.03, for a total transaction of C$606,400.00. In other Northern Dynasty Minerals news, Director James Eduard Fueg sold 51,000 shares of the business's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of C$2.95, for a total transaction of C$150,450.00.

Northern Dynasty Minerals Stock Down 28.0%

The company has a market cap of C$1.23 billion, a P/E ratio of -71.63 and a beta of 0.75. The stock's 50-day moving average price is C$1.84 and its 200-day moving average price is C$1.39. The company has a current ratio of 1.04, a quick ratio of 3.93 and a debt-to-equity ratio of 2.33.

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.

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