Northern Dynasty Minerals (TSE:NDM) Stock Price Down 10.9% - Here's What Happened

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK's share price fell 10.9% during trading on Monday . The stock traded as low as C$1.35 and last traded at C$1.39. 950,914 shares traded hands during trading, an increase of 49% from the average session volume of 639,944 shares. The stock had previously closed at C$1.56.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised shares of Northern Dynasty Minerals to a "strong-buy" rating in a research note on Thursday, January 2nd.

Northern Dynasty Minerals Price Performance

The business has a 50-day simple moving average of C$1.23 and a two-hundred day simple moving average of C$0.92. The company has a quick ratio of 3.93, a current ratio of 1.04 and a debt-to-equity ratio of 2.33. The stock has a market capitalization of C$847.32 million, a price-to-earnings ratio of -49.44 and a beta of 0.75.

Insider Activity

In related news, insider Bruce Wayne Jenkins sold 25,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$1.65, for a total value of C$41,360.00. Insiders own 1.86% of the company's stock.

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.