Northern Dynasty Minerals (TSE:NDM) Trading Up 10.4% - Here's What Happened

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK shot up 10.4% on Tuesday . The stock traded as high as C$1.52 and last traded at C$1.49. 859,446 shares traded hands during trading, an increase of 37% from the average session volume of 625,151 shares. The stock had previously closed at C$1.35.

Wall Street Analyst Weigh In

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

Northern Dynasty Minerals Stock Performance

The company has a debt-to-equity ratio of 2.33, a current ratio of 1.04 and a quick ratio of 3.93. The business has a 50-day moving average of C$1.18 and a 200-day moving average of C$0.89. The company has a market capitalization of C$847.32 million, a P/E ratio of -49.44 and a beta of 0.75.

Insider Transactions at Northern Dynasty Minerals

In other news, insider Bruce Wayne Jenkins sold 25,000 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of C$1.65, for a total value of C$41,360.00. Company 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.