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Northern Dynasty Minerals (TSE:NDM) Shares Pass Above 50-Day Moving Average - Time to Sell?

Northern Dynasty Minerals logo with Basic Materials background

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK's stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$1.24 and traded as high as C$1.63. Northern Dynasty Minerals shares last traded at C$1.59, with a volume of 1,652,455 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised Northern Dynasty Minerals to a "strong-buy" rating in a report on Thursday, January 2nd.

Read Our Latest Research Report on NDM

Northern Dynasty Minerals Price Performance

The business's 50-day simple moving average is C$1.26 and its 200 day simple moving average is C$0.94. 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 company has a market capitalization of C$858.19 million, a P/E ratio of -50.08 and a beta of 0.75.

Insider Activity

In related news, insider Bruce Wayne Jenkins sold 25,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$1.65, for a total transaction of C$41,360.00. 1.86% of the stock is owned by insiders.

About Northern Dynasty Minerals

(Get Free Report)

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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