Northern Dynasty Minerals (TSE:NDM) Shares Cross Below Fifty Day Moving Average - Time to Sell?

Key Points

• Northern Dynasty Minerals Ltd. (TSE:NDM) stock price has fallen below its fifty-day moving average of C$1.81, trading as low as C$1.07 before closing at C$1.12.
• The company has reported insider selling, with significant transactions occurring on July 14th, including a total of C$4,208,570 worth of shares sold over the last three months.
• Northern Dynasty Minerals has a market capitalization of C$608.33 million and operates primarily through the exploration and development of its core asset, the Pebble Project in Alaska.

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$1.81 and traded as low as C$1.07. Northern Dynasty Minerals shares last traded at C$1.12, with a volume of 2,122,659 shares changing hands.

Northern Dynasty Minerals Stock Up 6.8%

The company has a current ratio of 1.04, a quick ratio of 3.93 and a debt-to-equity ratio of 2.33. The company has a market capitalization of C$684.38 million, a price-to-earnings ratio of -39.94 and a beta of 0.75. The firm's 50 day simple moving average is C$1.79 and its 200-day simple moving average is C$1.43.

Insider Buying and Selling at Northern Dynasty Minerals

In other news, insider Llc Kopernik Global Investors sold 103,438 shares of the company's stock in a transaction on Monday, July 14th. The shares were sold at an average price of C$3.04, for a total transaction of C$314,844.58. Also, Senior Officer Stephen Hodgson sold 200,000 shares of the company's stock in a transaction on 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 90 days, insiders sold 1,468,914 shares of company stock worth $4,208,570. Company insiders own 1.86% of the company's stock.

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.