Northern Dynasty Minerals (TSE:NDM) Trading 22.4% Higher - Here's What Happened

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK's share price shot up 22.4% during mid-day trading on Friday . The company traded as high as C$2.42 and last traded at C$2.35. 2,144,054 shares were traded during trading, an increase of 154% from the average session volume of 843,197 shares. The stock had previously closed at C$1.92.

Northern Dynasty Minerals Trading Up 22.4%

The company has a market cap of C$1.28 billion, a P/E ratio of -74.48 and a beta of 0.75. 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 business has a 50 day moving average price of C$1.61 and a 200-day moving average price of C$1.26.

Insider Activity

In other news, insider Bruce Wayne Jenkins sold 50,000 shares of the company's 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. 1.86% of the stock is currently 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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