Northern Dynasty Minerals (TSE:NDM) Trading Up 8% - Here's What Happened

Key Points

• Up 8% mid-day: Shares rose as high as C$2.55 and last traded at C$2.44, with only ~141,852 shares traded — about a 92% drop from the average daily volume; market cap is ~C$1.37 billion.
• Insider buying: Kopernik Global Investors bought 1,166,845 shares at C$1.68 (~C$1.96M) on March 20, increasing its stake to 44,542,614 shares; corporate insiders own 1.86% of the stock.
• Weak earnings and key asset: The company reported C($0.08) EPS for the quarter and has a negative PE of -12.95 (analysts expect -0.02 EPS this year); its principal asset is the Pebble deposit in Southwest Alaska.

Shares of Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK were up 8% during mid-day trading on Friday . The company traded as high as C$2.55 and last traded at C$2.44. Approximately 141,852 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 1,819,178 shares. The stock had previously closed at C$2.26.

Northern Dynasty Minerals Price Performance

The stock has a market cap of C$1.37 billion, a PE ratio of -12.95 and a beta of -0.57. The company has a debt-to-equity ratio of 17.95, a current ratio of 0.55 and a quick ratio of 3.93. The business has a fifty day moving average of C$2.14 and a 200 day moving average of C$2.48.

Northern Dynasty Minerals (TSE:NDM - Get Free Report) NYSE: NAK last released its earnings results on Tuesday, March 31st. The mining company reported C($0.08) EPS for the quarter. Sell-side analysts anticipate that Northern Dynasty Minerals Ltd. will post -0.02 earnings per share for the current year.

Insider Buying and Selling at Northern Dynasty Minerals

In related news, insider Llc Kopernik Global Investors acquired 1,166,845 shares of Northern Dynasty Minerals stock in a transaction dated Friday, March 20th. The stock was acquired at an average cost of C$1.68 per share, with a total value of C$1,960,299.60. Following the purchase, the insider directly owned 44,542,614 shares in the company, valued at C$74,831,591.52. The trade was a 2.69% increase in their position. 1.86% of the stock is currently owned by corporate insiders.

Northern Dynasty Minerals Company Profile

Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned Alaska -based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project.

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