Northern Dynasty Minerals (TSE:NDM) Shares Up 13.8% - What's Next?

Key Points

• Northern Dynasty Minerals Ltd. shares surged by 13.8% to C$1.48 during mid-day trading on Wednesday, marking a notable increase from the previous day's close of C$1.30.
• The company reported a market capitalization of C$844.18 million and has recorded insider sales amounting to $4.12 million in the last ninety days.
• Northern Dynasty's core asset is the Pebble Project in Alaska, which aims to develop a significant deposit of copper, gold, molybdenum, and silver.

Northern Dynasty Minerals Ltd. (TSE:NDM - NYSE: NAK's share price shot up 13.8% during mid-day trading on Wednesday . The stock traded as high as C$1.50 and last traded at C$1.48. 745,273 shares were traded during mid-day trading, a decline of 33% from the average session volume of 1,108,017 shares. The stock had previously closed at C$1.30.

Northern Dynasty Minerals Stock Up 17.7%

The firm has a fifty day simple moving average of C$1.25 and a 200-day simple moving average of C$1.48. The company has a market capitalization of C$844.18 million, a P/E ratio of -10.20 and a beta of -0.36. The company has a quick ratio of 3.93, a current ratio of 1.04 and a debt-to-equity ratio of 2.33.

Insider Buying and Selling

In related news, Senior Officer Stephen Hodgson sold 200,000 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of C$3.03, for a total transaction of C$606,400.00. Also, Director Ronald William Thiessen sold 600,000 shares of the stock in a transaction dated 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. Over the last ninety days, insiders sold 1,418,914 shares of company stock valued at $4,122,570. 1.86% of the stock is owned by company insiders.

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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