Northern Dynasty Minerals (TSE:NDM) Stock Price Down 10.9% – Here’s What Happened

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s share price dropped 10.9% during trading on Monday . The stock traded as low as C$1.35 and last traded at C$1.39. Approximately 971,914 shares traded hands during mid-day trading, an increase of 52% from the average daily volume of 640,391 shares. The stock had previously closed at C$1.56.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised shares of 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 50 day simple moving average of C$1.18 and a 200 day simple moving average of C$0.89. The company has a quick ratio of 3.93, a current ratio of 1.04 and a debt-to-equity ratio of 2.33. The company has a market capitalization of C$738.69 million, a price-to-earnings ratio of -43.11 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 the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of C$1.65, for a total value of C$41,360.00. 1.86% of the stock is currently owned by corporate 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.