Northern Dynasty Minerals (TSE:NDM) Shares Pass Above Fifty Day Moving Average of $0.91

Northern Dynasty Minerals Ltd (TSE:NDM) (NYSE:NAK)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.91 and traded as high as $0.85. Northern Dynasty Minerals shares last traded at $0.83, with a volume of 87,500 shares.

Separately, TD Securities upped their target price on shares of Northern Dynasty Minerals from C$0.90 to C$1.30 and gave the stock a “hold” rating in a report on Wednesday, July 31st.

The firm’s 50-day moving average price is C$0.91 and its two-hundred day moving average price is C$0.80. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.66 and a current ratio of 0.67. The stock has a market cap of $296.58 million and a price-to-earnings ratio of -3.87.

In other news, Senior Officer Sean Magee sold 146,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of C$0.97, for a total transaction of C$141,620.00.

About Northern Dynasty Minerals (TSE:NDM)

Northern Dynasty Minerals Ltd. acquires, explores for, and develops mineral properties in the United States. Its principal mineral property is the Pebble copper-gold-molybdenum project that includes 2,402 mineral claims covering approximately 417 square miles located in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd.

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