Northern Dynasty Minerals (TSE:NDM) Reaches New 12-Month High – Time to Buy?

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$2.13 and last traded at C$2.10, with a volume of 2329169 shares. The stock had previously closed at C$1.81.

Northern Dynasty Minerals Price Performance

The stock has a market capitalization of C$1.14 billion, a P/E ratio of -66.56 and a beta of 0.75. The company has a debt-to-equity ratio of 2.33, a quick ratio of 3.93 and a current ratio of 1.04. The firm has a 50-day moving average price of C$1.56 and a 200 day moving average price of C$1.21.

Insider Activity

In other news, insider Bruce Wayne Jenkins sold 50,000 shares of Northern Dynasty Minerals stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of C$1.72, for a total value of C$86,000.00. 1.86% of the stock is owned by corporate insiders.

Northern Dynasty Minerals Company Profile

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.