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

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

Analyst Ratings Changes

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

Northern Dynasty Minerals Stock Performance

The stock has a 50 day moving average of C$1.16 and a two-hundred day moving average of C$0.87. The stock has a market capitalization of C$847.32 million, a PE ratio of -49.44 and a beta of 0.75. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.04 and a quick ratio of 3.93.

Insiders Place Their Bets

In other news, insider Bruce Wayne Jenkins sold 25,000 shares of Northern Dynasty Minerals stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$1.65, for a total transaction 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.