Northern Dynasty Minerals (TSE:NDM) Shares Down 42.6% After Insider Selling

Shares of Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK dropped 42.6% on Friday after an insider sold shares in the company. The company traded as low as C$1.11 and last traded at C$1.28. Approximately 6,777,904 shares changed hands during mid-day trading, an increase of 517% from the average daily volume of 1,098,828 shares. The stock had previously closed at C$2.23.

Specifically, Director Ronald William Thiessen sold 600,000 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of C$3.01, for a total value of C$1,803,600.00. Also, Director Michael Heatwole sold 102,000 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of C$2.94, for a total transaction of C$300,186.00. In other Northern Dynasty Minerals news, Senior Officer Stephen Hodgson sold 200,000 shares of the company's stock in a transaction on Monday, July 14th. The shares were sold at an average price of C$3.03, for a total transaction of C$606,400.00.

Northern Dynasty Minerals Price Performance

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 stock's fifty day moving average price is C$1.86 and its two-hundred day moving average price is C$1.41. The firm has a market capitalization of C$668.08 million, a price-to-earnings ratio of -38.98 and a beta of 0.75.

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.