Northern Dynasty Minerals (TSE:NDM) Stock Price Up 10.4% – Here’s Why

Northern Dynasty Minerals Ltd. (TSE:NDMGet Free Report) (NYSE:NAK)’s stock price shot up 10.4% during 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 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 Analyst Weigh In

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

Check Out Our Latest Research Report on NDM

Northern Dynasty Minerals Stock Up 5.4 %

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 business has a 50-day moving average price of C$1.17 and a 200-day moving average price of C$0.88. The firm has a market cap of C$847.32 million, a P/E ratio of -49.44 and a beta of 0.75.

Insider Activity

In other news, insider Bruce Wayne Jenkins sold 25,000 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of C$1.65, for a total value of C$41,360.00. Company 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.

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