Northern Dynasty Minerals (TSE:NDM) Shares Up 10.4% – Time to Buy?

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) shares traded up 10.4% during trading on Tuesday . The company traded as high as C$1.52 and last traded at C$1.49. 859,446 shares changed hands during mid-day 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 Trading Up 5.4 %

The business’s fifty day simple moving average is C$1.16 and its two-hundred day simple moving average is C$0.87. 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 cap of C$847.32 million, a price-to-earnings ratio of -49.44 and a beta of 0.75.

Insider Activity

In other Northern Dynasty Minerals news, insider Bruce Wayne Jenkins sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was 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

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.