Northern Dynasty Minerals (TSE:NDM) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.34 and traded as low as C$2.02. Northern Dynasty Minerals shares last traded at C$2.11, with a volume of 18,175,810 shares trading hands.

Northern Dynasty Minerals Price Performance

The firm’s 50 day moving average price is C$2.77 and its two-hundred day moving average price is C$2.35. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.04 and a quick ratio of 3.93. The stock has a market cap of C$1.17 billion, a PE ratio of -14.07 and a beta of -0.53.

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.