Northern Dynasty Minerals (TSE:NDM) Shares Down 10.9% - Should You Sell?

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK was down 10.9% during trading on Monday . The stock traded as low as C$1.35 and last traded at C$1.39. Approximately 950,914 shares traded hands during mid-day trading, an increase of 49% from the average daily volume of 639,944 shares. The stock had previously closed at C$1.56.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upgraded shares of Northern Dynasty Minerals to a "strong-buy" rating in a research note on Thursday, January 2nd.

Northern Dynasty Minerals Stock Performance

The business's 50-day simple moving average is C$1.23 and its 200 day simple moving average is C$0.92. The firm has a market cap of C$847.32 million, a P/E ratio of -49.44 and a beta of 0.75. The company has a debt-to-equity ratio of 2.33, a quick ratio of 3.93 and a current ratio of 1.04.

Insider Buying and Selling

In related news, insider Bruce Wayne Jenkins sold 25,000 shares of Northern Dynasty Minerals stock in a transaction on Monday, March 24th. The stock was sold at an average price of C$1.65, for a total transaction of C$41,360.00. 1.86% of the stock is currently owned by corporate 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.