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Northern Dynasty Minerals (TSE:NDM) Trading 21.6% Higher - Should You Buy?

Northern Dynasty Minerals logo with Basic Materials background

Key Points

  • Northern Dynasty Minerals (TSE:NDM) saw its stock price surge by 21.6%, reaching a high of C$2.80, with over 4.5 million shares traded, marking a 295% increase in trading volume.
  • The company has a market capitalization of C$1.46 billion and operates primarily with a high debt-to-equity ratio of 2.33, indicating potential financial risk.
  • Insider trading activity includes the sale of 1.4 million shares by company insiders, valued at approximately $4.1 million, suggesting possible concerns about the stock's future performance.
  • MarketBeat previews top five stocks to own in November.

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK's stock price was up 21.6% during mid-day trading on Tuesday . The stock traded as high as C$2.80 and last traded at C$2.59. Approximately 4,586,677 shares changed hands during trading, an increase of 295% from the average daily volume of 1,160,161 shares. The stock had previously closed at C$2.13.

Northern Dynasty Minerals Price Performance

The business has a 50 day simple moving average of C$1.28 and a two-hundred day simple moving average of C$1.52. The firm has a market capitalization of C$1.46 billion, a P/E ratio of -17.60 and a beta of -0.34. The company has a debt-to-equity ratio of 2.33, a quick ratio of 3.93 and a current ratio of 1.04.

Insider Buying and Selling

In other Northern Dynasty Minerals news, Senior Officer Stephen Hodgson sold 200,000 shares of Northern Dynasty Minerals stock in a transaction that occurred 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. Also, Senior Officer Adam Jonathan Chodos sold 196,000 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of C$2.53, for a total transaction of C$495,978.00. Insiders sold 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 company insiders.

Northern Dynasty Minerals Company Profile

(Get Free Report)

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.

Further Reading

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