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Northern Dynasty Minerals (TSE:NDM) Stock Price Down 14.4% - Here's Why

Northern Dynasty Minerals logo with Basic Materials background

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK dropped 14.4% during mid-day trading on Monday . The company traded as low as C$1.72 and last traded at C$1.84. Approximately 3,296,926 shares changed hands during trading, an increase of 293% from the average daily volume of 839,173 shares. The stock had previously closed at C$2.15.

Northern Dynasty Minerals Stock Performance

The company has a debt-to-equity ratio of 2.33, a quick ratio of 3.93 and a current ratio of 1.04. The business's 50-day moving average is C$1.58 and its 200-day moving average is C$1.24. The company has a market capitalization of C$999.41 million, a PE ratio of -58.32 and a beta of 0.75.

Insider Buying and Selling at Northern Dynasty Minerals

In other news, insider Bruce Wayne Jenkins sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of C$1.72, for a total value of C$86,000.00. Corporate insiders own 1.86% of the company's stock.

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.

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