Northern Dynasty Minerals (TSE:NDM) Trading Up 10.4% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

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

Northern Dynasty Minerals Stock Up 10.4 %

The stock’s fifty day moving average is C$1.15 and its two-hundred day moving average is C$0.86. The company has a current ratio of 1.04, a quick ratio of 3.93 and a debt-to-equity ratio of 2.33. The firm has a market cap of C$809.30 million, a P/E ratio of -47.23 and a beta of 0.75.

Insider Buying and Selling

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 currently 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.