Northern Dynasty Minerals (TSE:NDM) Stock Price Up 10.4% – Should You Buy?

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s stock price traded up 10.4% during mid-day trading on Wednesday . 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 upgraded Northern Dynasty Minerals to a “strong-buy” rating in a research report on Thursday, January 2nd.

Northern Dynasty Minerals Stock Up 5.4 %

The business’s 50 day simple moving average is C$1.17 and its 200 day simple moving average is C$0.88. 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 has a market capitalization of C$847.32 million, a PE ratio of -49.44 and a beta of 0.75.

Insider Activity at Northern Dynasty Minerals

In other news, insider Bruce Wayne Jenkins sold 25,000 shares of the business’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. 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.