Northern Dynasty Minerals (TSE:NDM) Trading Down 10.9% – Here’s What Happened

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s stock price dropped 10.9% on Monday . The stock traded as low as C$1.35 and last traded at C$1.39. Approximately 634,667 shares were traded during trading, a decline of 0% from the average daily volume of 635,892 shares. The stock had previously closed at C$1.56.

Analysts Set New Price Targets

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

Northern Dynasty Minerals Stock Down 10.9 %

The firm has a market capitalization of C$754.99 million, a price-to-earnings ratio of -44.06 and a beta of 0.75. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.04 and a quick ratio of 3.93. The stock has a fifty day moving average of C$1.18 and a two-hundred day moving average of C$0.89.

Insider Buying and Selling

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