Northern Dynasty Minerals (TSE:NDM) Shares Up 10.4% – Here’s Why

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) shares were up 10.4% during trading on Wednesday . The company traded as high as C$1.52 and last traded at C$1.49. Approximately 859,446 shares were traded during trading, an increase of 37% from the average daily volume of 625,151 shares. The stock had previously closed at C$1.35.

Analyst Upgrades and Downgrades

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

Northern Dynasty Minerals Price Performance

The company has a debt-to-equity ratio of 2.33, a quick ratio of 3.93 and a current ratio of 1.04. The company has a market capitalization of C$809.30 million, a price-to-earnings ratio of -47.23 and a beta of 0.75. The company has a 50-day moving average price of C$1.15 and a 200-day moving average price of C$0.87.

Insider Activity

In other Northern Dynasty Minerals news, insider Bruce Wayne Jenkins sold 25,000 shares of Northern Dynasty Minerals stock in a transaction dated Monday, March 24th. The stock was sold at an average price of C$1.65, for a total transaction of C$41,360.00. 1.86% of the stock is owned by company insiders.

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.