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Northern Dynasty Minerals (TSE:NDM) Stock Crosses Above 50-Day Moving Average - Should You Sell?

Northern Dynasty Minerals logo with Basic Materials background

Key Points

  • Northern Dynasty Minerals shares have crossed above their fifty-day moving average of C$1.77, trading as high as C$2.84, marking an increase of 8.8% during recent trading.
  • The company, based in Canada, focuses on the acquisition, exploration, and development of mineral properties, with its main asset being the Pebble Project in Alaska, which aims to develop a major deposit of metals.
  • Northern Dynasty has a market capitalization of C$1.57 billion and a debt-to-equity ratio of 2.33, indicating a high level of leverage.
  • Five stocks we like better than Northern Dynasty Minerals.

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$1.77 and traded as high as C$2.84. Northern Dynasty Minerals shares last traded at C$2.84, with a volume of 1,167,027 shares changing hands.

Northern Dynasty Minerals Trading Up 8.8%

The company has a debt-to-equity ratio of 2.33, a current ratio of 1.04 and a quick ratio of 3.93. The stock has a market cap of C$1.57 billion, a price-to-earnings ratio of -18.93 and a beta of -0.34. The company's fifty day moving average price is C$1.77 and its 200-day moving average price is C$1.66.

About Northern Dynasty Minerals

(Get Free Report)

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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