Northern Dynasty Minerals (TSE:NDM) Shares Up 24.5% - Should You Buy?

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK shares rose 24.5% during mid-day trading on Friday . The stock traded as high as C$2.42 and last traded at C$2.39. Approximately 1,961,370 shares traded hands during mid-day trading, an increase of 133% from the average daily volume of 843,197 shares. The stock had previously closed at C$1.92.

Northern Dynasty Minerals Stock Performance

The company has a market cap of C$1.30 billion, a PE ratio of -76.07 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. The stock's 50-day simple moving average is C$1.63 and its 200 day simple moving average is C$1.27.

Insider Transactions at Northern Dynasty Minerals

In other news, insider Bruce Wayne Jenkins sold 50,000 shares of the 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 transaction of C$86,000.00. Insiders own 1.86% of the company's stock.

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.