Northern Dynasty Minerals (TSE:NDM) Shares Up 28.4% - Still a Buy?

Key Points

• Northern Dynasty Minerals shares increased by 28.4%, hitting a mid-day trading high of C$4.00 and closing at C$3.66.
• The company's market cap stands at C$2.14 billion, with a PE ratio of -25.87 and a significant debt-to-equity ratio of 2.33.
• Northern Dynasty's core asset is the Pebble Project in Alaska, which aims to develop a major deposit of metals including copper, gold, molybdenum, and silver.

Shares of Northern Dynasty Minerals Ltd. (TSE:NDM - NYSE: NAK were up 28.4% during mid-day trading on Tuesday . The stock traded as high as C$4.00 and last traded at C$3.66. Approximately 2,754,052 shares were traded during mid-day trading, an increase of 129% from the average daily volume of 1,202,020 shares. The stock had previously closed at C$2.85.

Northern Dynasty Minerals Stock Performance

The company has a market cap of C$2.14 billion, a PE ratio of -25.87 and a beta of -0.34. The company has a quick ratio of 3.93, a current ratio of 1.04 and a debt-to-equity ratio of 2.33. The business's fifty day moving average is C$1.45 and its 200-day moving average is C$1.56.

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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