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

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK's share price was down 42.6% during trading 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 were traded during 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 company's stock in a transaction 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 company's stock in a transaction on Monday, July 14th. The shares were sold at an average price of C$2.94, for a total transaction of C$300,186.00. In other 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 value of C$606,400.00.

Northern Dynasty Minerals Stock Down 37.7%

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 50-day moving average is C$1.86 and its 200-day moving average is C$1.41. The company has a market cap of C$754.99 million, a price-to-earnings ratio of -44.06 and a beta of 0.75.

Northern Dynasty Minerals Company Profile

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.