Northern Dynasty Minerals (TSE:NDM) Shares Up 24.5% - Should You Buy?

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK shares shot up 24.5% on Friday . The company traded as high as C$2.42 and last traded at C$2.39. 2,322,045 shares changed hands during mid-day trading, an increase of 172% from the average session volume of 854,751 shares. The stock had previously closed at C$1.92.

Northern Dynasty Minerals Stock Up 24.5%

The company has a debt-to-equity ratio of 2.33, a quick ratio of 3.93 and a current ratio of 1.04. The firm has a fifty day simple moving average of C$1.61 and a 200-day simple moving average of C$1.26. The firm has a market cap of C$1.30 billion, a price-to-earnings ratio of -75.75 and a beta of 0.75.

Insider Buying and Selling at Northern Dynasty Minerals

In other news, insider Bruce Wayne Jenkins sold 50,000 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of C$1.72, for a total transaction of C$86,000.00. 1.86% of the stock is owned by insiders.

About Northern Dynasty Minerals

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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