Northern Dynasty Minerals (TSE:NDM) Stock Price Down 35.5% – Here’s Why

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s share price traded down 35.5% on Wednesday . The stock traded as low as C$1.52 and last traded at C$1.78. 3,153,655 shares changed hands during mid-day trading, an increase of 103% from the average session volume of 1,551,377 shares. The stock had previously closed at C$2.76.

Northern Dynasty Minerals Price Performance

The stock has a market cap of C$944.83 million, a P/E ratio of -11.40 and a beta of -0.53. The company has a 50 day simple moving average of C$2.92 and a 200 day simple moving average of C$2.31. The company has a current ratio of 1.04, a quick ratio of 3.93 and a debt-to-equity ratio of 2.33.

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.