Northern Dynasty Minerals (TSE:NDM) Trading 10.4% Higher – What’s Next?

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s stock price rose 10.4% during trading on Tuesday . The company traded as high as C$1.52 and last traded at C$1.49. Approximately 859,446 shares changed hands during mid-day trading, an increase of 37% from the average daily volume of 625,151 shares. The stock had previously closed at C$1.35.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised Northern Dynasty Minerals to a “strong-buy” rating in a research report on Thursday, January 2nd.

Northern Dynasty Minerals Price Performance

The company has a market cap of C$809.30 million, a PE ratio of -47.23 and a beta of 0.75. 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 50 day simple moving average of C$1.15 and a 200-day simple moving average of C$0.87.

Insider Transactions at Northern Dynasty Minerals

In other news, insider Bruce Wayne Jenkins sold 25,000 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of C$1.65, for a total value of C$41,360.00. Insiders own 1.86% of the company’s stock.

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.