Northern Dynasty Minerals (TSE:NDM) Reaches New 12-Month Low – Here’s Why

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) hit a new 52-week low during trading on Tuesday. The company traded as low as C$1.43 and last traded at C$1.46, with a volume of 90,622 shares changing hands. The stock had previously closed at C$1.60.

Northern Dynasty Minerals Stock Down 11.3%

The stock has a market capitalization of C$798.21 million, a price-to-earnings ratio of -11.83 and a beta of 0.08. The business’s 50-day moving average is C$2.09 and its two-hundred day moving average is C$2.42. The company has a quick ratio of 3.92, a current ratio of 0.50 and a debt-to-equity ratio of 889.83.

Northern Dynasty Minerals (TSE:NDM) (NYSE:NAK) last announced its quarterly earnings data on Wednesday, August 12th. The mining company reported C($0.06) earnings per share (EPS) for the quarter. Equities analysts anticipate that Northern Dynasty Minerals Ltd. will post -0.02 EPS for the current year.

Insider Activity at Northern Dynasty Minerals

In other news, insider Adam Jonathan Chodos sold 45,000 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of C$1.96, for a total value of C$88,200.00. Following the completion of the sale, the insider directly owned 43,000 shares in the company, valued at C$84,280. This represents a 51.14% decrease in their ownership of the stock. Also, insider Llc Kopernik Global Investors purchased 121,515 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was bought at an average cost of C$2.37 per share, with a total value of C$287,990.55. Following the acquisition, the insider owned 43,648,028 shares of the company’s stock, valued at approximately C$103,445,826.36. The trade was a 0.28% increase in their position. Insiders own 1.86% of the company’s stock.

About Northern Dynasty Minerals

Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty’s principal asset, owned through its wholly owned Alaska -based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project.