Northern Dynasty Minerals (TSE:NDM) Trading 16.9% Higher - Should You Buy?

Key Points

• Northern Dynasty Minerals Ltd. saw its stock price increase by 16.9% on Wednesday, closing at C$1.52 after reaching a high of C$1.59.
• Insider trading activity included Director Ronald William Thiessen selling 600,000 shares at an average price of C$3.01, indicating significant market movement and insider sentiment.
• The company's core asset, the Pebble Project in Alaska, is focused on developing a major deposit of copper, gold, molybdenum, and silver.

Northern Dynasty Minerals Ltd. (TSE:NDM - NYSE: NAK's stock price traded up 16.9% on Wednesday . The stock traded as high as C$1.59 and last traded at C$1.52. 2,058,622 shares traded hands during trading, an increase of 84% from the average session volume of 1,118,090 shares. The stock had previously closed at C$1.30.

Northern Dynasty Minerals Stock Up 16.2%

The firm has a market cap of C$833.14 million, a PE ratio of -10.07 and a beta of -0.36. 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 firm's 50-day moving average price is C$1.25 and its two-hundred day moving average price is C$1.48.

Insiders Place Their Bets

In other news, Director Ronald William Thiessen sold 600,000 shares of Northern Dynasty Minerals 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, Senior Officer Adam Jonathan Chodos sold 196,000 shares of Northern Dynasty Minerals stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of C$2.53, for a total transaction of C$495,978.00. Over the last ninety days, insiders sold 1,418,914 shares of company stock worth $4,122,570. Corporate 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.

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