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Northern Dynasty Minerals (TSE:NDM) Trading Down 29% - Here's Why

Northern Dynasty Minerals logo with Basic Materials background

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK's share price was down 29% during mid-day trading on Friday . The stock traded as low as C$1.41 and last traded at C$2.23. Approximately 8,945,346 shares changed hands during trading, an increase of 744% from the average daily volume of 1,059,950 shares. The stock had previously closed at C$3.14.

Northern Dynasty Minerals Price Performance

The company has a market capitalization of C$716.97 million, a price-to-earnings ratio of -41.84 and a beta of 0.75. The company's 50 day simple moving average is C$1.86 and its 200-day simple moving average is C$1.40. The company has a current ratio of 1.04, a quick ratio of 3.93 and a debt-to-equity ratio of 2.33.

Insider Activity at Northern Dynasty Minerals

In related news, insider Bruce Wayne Jenkins sold 51,000 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of C$2.75, for a total value of C$140,250.00. Also, Director Michael Heatwole sold 102,000 shares of the business's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of C$2.94, for a total transaction of C$300,186.00. Insiders sold 868,914 shares of company stock worth $2,404,970 over the last three months. Company insiders own 1.86% of the company's stock.

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.

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