Northern Dynasty Minerals (TSE:NDM) Trading Up 19.7% - Time to Buy?

Key Points

• Northern Dynasty Minerals' stock surged by 19.7%, reaching a trading high of C$2.80, significantly up from a previous close of C$2.13.
• The company reported a debt-to-equity ratio of 2.33 and has a market capitalization of C$1.38 billion, indicating potential financial strain amidst an upward price movement.
• Recent insider transactions revealed that corporate insiders sold over 1.4 million shares, totaling approximately C$4.12 million in value within the last ninety days.

Northern Dynasty Minerals Ltd. (TSE:NDM - NYSE: NAK traded up 19.7% during trading on Tuesday . The stock traded as high as C$2.80 and last traded at C$2.55. 1,189,247 shares traded hands during trading, an increase of 4% from the average session volume of 1,140,952 shares. The stock had previously closed at C$2.13.

Northern Dynasty Minerals Trading Up 17.8%

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 company's 50-day moving average is C$1.28 and its 200-day moving average is C$1.52. The stock has a market capitalization of C$1.38 billion, a price-to-earnings ratio of -16.73 and a beta of -0.34.

Insider Transactions at Northern Dynasty Minerals

In related news, Director Ronald William Thiessen sold 600,000 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of C$3.01, for a total value of C$1,803,600.00. Also, insider Llc Kopernik Global Investors sold 103,438 shares of the firm's stock in a transaction on Monday, July 14th. The stock was sold at an average price of C$3.04, for a total value of C$314,844.58. Insiders sold a total of 1,418,914 shares of company stock valued at $4,122,570 in the last ninety days. 1.86% of the stock is currently owned by corporate insiders.

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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