Northern Dynasty Minerals (TSE:NDM) Trading Up 25% - Here's What Happened

Shares of Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK traded up 25% on Saturday . The stock traded as high as C$2.42 and last traded at C$2.40. 3,243,270 shares changed hands during mid-day trading, an increase of 276% from the average session volume of 861,948 shares. The stock had previously closed at C$1.92.

Northern Dynasty Minerals Stock Performance

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 firm has a market cap of C$1.30 billion, a P/E ratio of -76.07 and a beta of 0.75. The business has a fifty day simple moving average of C$1.63 and a 200-day simple moving average of C$1.27.

Insiders Place Their Bets

In other news, insider Bruce Wayne Jenkins sold 50,000 shares of Northern Dynasty Minerals stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of C$1.72, for a total transaction of C$86,000.00. Company 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.

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