Northern Dynasty Minerals (TSE:NDM) Stock Price Down 14.4% – What’s Next?

Shares of Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) fell 14.4% during mid-day trading on Tuesday . The stock traded as low as C$1.72 and last traded at C$1.84. 3,296,926 shares changed hands during trading, an increase of 293% from the average session volume of 839,173 shares. The stock had previously closed at C$2.15.

Northern Dynasty Minerals Price Performance

The business’s 50-day simple moving average is C$1.61 and its 200 day simple moving average is C$1.25. 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 firm has a market capitalization of C$1.06 billion, a P/E ratio of -62.12 and a beta of 0.75.

Insider Buying and Selling at Northern Dynasty Minerals

In related news, insider Bruce Wayne Jenkins sold 50,000 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of C$1.72, for a total transaction of C$86,000.00. Corporate insiders own 1.86% of the company’s stock.

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.