Northern Dynasty Minerals (TSE:NDM) Shares Up 10.4% – Still a Buy?

Shares of Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) traded up 10.4% on Wednesday . The company traded as high as C$1.52 and last traded at C$1.49. 859,446 shares changed hands during trading, an increase of 37% from the average session volume of 625,151 shares. The stock had previously closed at C$1.35.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised Northern Dynasty Minerals to a “strong-buy” rating in a research report on Thursday, January 2nd.

Northern Dynasty Minerals Stock Up 10.4 %

The firm has a market cap of C$809.30 million, a P/E ratio of -47.23 and a beta of 0.75. The stock’s fifty day moving average is C$1.15 and its two-hundred day moving average is C$0.87. The company has a current ratio of 1.04, a quick ratio of 3.93 and a debt-to-equity ratio of 2.33.

Insider Transactions at Northern Dynasty Minerals

In other news, insider Bruce Wayne Jenkins sold 25,000 shares of Northern Dynasty Minerals stock in a transaction dated Monday, March 24th. The stock was sold at an average price of C$1.65, for a total value of C$41,360.00. Insiders own 1.86% of the company’s stock.

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.