Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK's stock price shot up 25% during trading on Saturday . The stock traded as high as C$2.42 and last traded at C$2.40. 3,243,270 shares changed hands during mid-day trading, an increase of 276% from the average session volume of 861,948 shares. The stock had previously closed at C$1.92.
Northern Dynasty Minerals Stock Up 25.0%
The firm's 50 day simple moving average is C$1.63 and its 200 day simple moving average is C$1.28. The company has a market cap of C$1.30 billion, a price-to-earnings ratio of -76.07 and a beta of 0.75. 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 Activity
In other news, insider Bruce Wayne Jenkins sold 50,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of C$1.72, for a total value of C$86,000.00. 1.86% of the stock is owned by company insiders.
About Northern Dynasty Minerals
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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.
Further Reading
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