Northern Dynasty Minerals (TSE:NDM) Stock Price Up 19.7% - Time to Buy?

Key Points

• Northern Dynasty Minerals stock surged 19.7% to C$2.55, with trading volume increasing by 224% compared to its average daily volume.
• The company has a market capitalization of C$1.41 billion and a negative price-to-earnings ratio of -17.00, indicating ongoing financial challenges.
• Insiders sold a total of 1,418,914 shares valued at approximately C$4.12 million in the last 90 days, suggesting notable insider selling activity.

Northern Dynasty Minerals Ltd. (TSE:NDM - NYSE: NAK rose 19.7% during mid-day trading on Tuesday . The company traded as high as C$2.80 and last traded at C$2.55. Approximately 3,748,693 shares traded hands during trading, an increase of 224% from the average daily volume of 1,156,655 shares. The stock had previously closed at C$2.13.

Northern Dynasty Minerals Stock Performance

The company has a market capitalization of C$1.41 billion, a price-to-earnings ratio of -17.00 and a beta of -0.34. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.04 and a quick ratio of 3.93. The stock has a 50 day moving average price of C$1.28 and a two-hundred day moving average price of C$1.52.

Insider Buying and Selling

In other news, Director Ronald William Thiessen sold 600,000 shares of the firm's stock in a transaction on Monday, July 14th. The stock was sold at an average price of C$3.01, for a total value of C$1,803,600.00. Also, insider Llc Kopernik Global Investors sold 103,438 shares of Northern Dynasty Minerals stock in a transaction dated Monday, July 14th. The stock was sold at an average price of C$3.04, for a total value of C$314,844.58. Insiders sold a total of 1,418,914 shares of company stock valued at $4,122,570 in the last 90 days. 1.86% of the stock is owned by corporate insiders.

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.

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