Northern Dynasty Minerals (TSE:NDM) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of Northern Dynasty Minerals Ltd. (TSE:NDMGet Free Report) (NYSE:NAK) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$1.37 and traded as high as C$1.39. Northern Dynasty Minerals shares last traded at C$1.29, with a volume of 680,786 shares trading hands.

Northern Dynasty Minerals Price Performance

The business’s 50-day moving average price is C$1.37 and its 200 day moving average price is C$1.01. 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$700.67 million, a P/E ratio of -40.89 and a beta of 0.75.

Insiders Place Their Bets

In other news, insider Bruce Wayne Jenkins sold 25,000 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of C$1.65, for a total transaction of C$41,360.00. Corporate insiders own 1.86% of the company’s stock.

About Northern Dynasty Minerals

(Get Free Report)

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.

Further Reading

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