Northern Dynasty Minerals (TSE:NDM) Hits New 12-Month Low - Here's Why

Key Points

• Northern Dynasty Minerals fell 3.6% to C$1.09, reaching a new 52-week low of C$1.08. The price is well below its 50-day and 200-day moving averages of C$1.90 and C$2.38, respectively.
• The company reported a quarterly loss of C$0.06 per share, while analysts expect a full-year loss of C$0.02 per share. Its balance sheet includes a very high debt-to-equity ratio of 889.83.
• Insider activity was mixed: an insider sold 45,000 shares, while Kopernik Global Investors purchased 121,515 shares. Northern Dynasty’s main asset is the proposed Pebble mining project in southwest Alaska.

Northern Dynasty Minerals Ltd. (TSE:NDM - Get Free Report) NYSE: NAK hit a new 52-week low during mid-day trading on Monday. The stock traded as low as C$1.08 and last traded at C$1.09, with a volume of 45,468 shares. The stock had previously closed at C$1.12.

Northern Dynasty Minerals Trading Down 3.6%

The firm has a 50 day moving average price of C$1.90 and a 200 day moving average price of C$2.38. The stock has a market capitalization of C$607.09 million, a PE ratio of -9.00 and a beta of 0.08. The company has a quick ratio of 3.92, a current ratio of 0.50 and a debt-to-equity ratio of 889.83.

Northern Dynasty Minerals (TSE:NDM - Get Free Report) NYSE: NAK last announced its quarterly earnings data on Wednesday, August 12th. The mining company reported C($0.06) EPS for the quarter. Equities analysts expect that Northern Dynasty Minerals Ltd. will post -0.02 EPS for the current fiscal year.

Insider Transactions at Northern Dynasty Minerals

In related news, insider Adam Jonathan Chodos sold 45,000 shares of Northern Dynasty Minerals stock in a transaction on Friday, September 25th. The stock was sold at an average price of C$1.96, for a total transaction of C$88,200.00. Following the transaction, the insider directly owned 43,000 shares in the company, valued at approximately C$84,280. The trade was a 51.14% decrease in their ownership of the stock. Also, insider Llc Kopernik Global Investors bought 121,515 shares of Northern Dynasty Minerals stock in a transaction that occurred on Monday, August 31st. The stock was purchased at an average cost of C$2.37 per share, with a total value of C$287,990.55. Following the completion of the acquisition, the insider directly owned 43,648,028 shares in the company, valued at C$103,445,826.36. This represents a 0.28% increase in their position. 1.86% of the stock is currently owned by company insiders.

About Northern Dynasty Minerals

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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