Shares of Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK fell 35.9% on Friday after an insider sold shares in the company. The stock traded as low as C$1.11 and last traded at C$1.43. 9,781,011 shares were traded during trading, an increase of 773% from the average session volume of 1,120,255 shares. The stock had previously closed at C$2.23.
Specifically, Director Ronald William Thiessen sold 600,000 shares of the business's stock in a transaction on Monday, July 14th. The stock was sold at an average price of C$3.01, for a total value of C$1,803,600.00. Also, Director Michael Heatwole sold 102,000 shares of the business's stock in a transaction 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. In other Northern Dynasty Minerals news, Senior Officer Stephen Hodgson sold 200,000 shares of the business's stock in a transaction on Monday, July 14th. The stock was sold at an average price of C$3.03, for a total value of C$606,400.00.
Northern Dynasty Minerals Stock Performance
The stock has a market capitalization of C$754.99 million, a P/E ratio of -44.06 and a beta of 0.75. The company has a 50 day simple moving average of C$1.86 and a 200-day simple moving average of C$1.41. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.04 and a quick ratio of 3.93.
About Northern Dynasty Minerals
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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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