Northern Dynasty Minerals (TSE:NDM) Trading Down 14.4% – Here’s What Happened

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

Northern Dynasty Minerals Trading Up 6.5%

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’s 50-day moving average price is C$1.61 and its 200 day moving average price is C$1.25. The company has a market cap of C$1.06 billion, a price-to-earnings ratio of -62.12 and a beta of 0.75.

Insiders Place Their Bets

In related news, insider Bruce Wayne Jenkins sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The shares were 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 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.