Northern Dynasty Minerals (TSE:NDM) Shares Up 18.5% - Should You Buy?

Key Points

• Northern Dynasty Minerals' stock price surged by 18.5% on Wednesday, reaching a last trade price of C$1.54 after previously closing at C$1.30.
• Insider transactions included significant share sales by Director Michael Heatwole and Senior Officer Stephen Hodgson, with a combined total of over C$900,000 from shares sold.
• The company is focused on the Pebble Project in Alaska, seeking to develop a major mineral deposit of copper, gold, molybdenum, and silver.

Northern Dynasty Minerals Ltd. (TSE:NDM - NYSE: NAK's stock price shot up 18.5% on Wednesday . The company traded as high as C$1.59 and last traded at C$1.54. 1,825,861 shares changed hands during mid-day trading, an increase of 63% from the average session volume of 1,116,769 shares. The stock had previously closed at C$1.30.

Northern Dynasty Minerals Stock Up 19.2%

The stock's 50-day moving average price is C$1.25 and its two-hundred day moving average price is C$1.48. The stock has a market capitalization of C$855.21 million, a PE ratio of -10.33 and a beta of -0.36. The company has a debt-to-equity ratio of 2.33, a quick ratio of 3.93 and a current ratio of 1.04.

Insider Transactions at Northern Dynasty Minerals

In other news, Director Michael Heatwole sold 102,000 shares of the company's stock in a transaction dated 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 the company's 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. Over the last ninety days, insiders sold 1,418,914 shares of company stock worth $4,122,570. 1.86% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.