Northern Dynasty Minerals (TSE:NDM) Stock Price Up 4.8% – Should You Buy?

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) shares rose 4.8% during trading on Thursday . The stock traded as high as C$2.87 and last traded at C$2.86. Approximately 188,160 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 1,679,285 shares. The stock had previously closed at C$2.73.

Northern Dynasty Minerals Trading Down 3.1%

The stock has a market capitalization of C$1.60 billion, a P/E ratio of -28.60 and a beta of -0.63. The company has a current ratio of 0.71, a quick ratio of 3.93 and a debt-to-equity ratio of 174.11. The company has a 50-day moving average price of C$2.42 and a 200 day moving average price of C$2.55.

Northern Dynasty Minerals (TSE:NDM) (NYSE:NAK) last announced its earnings results on Friday, May 15th. The mining company reported C$0.01 earnings per share for the quarter. On average, research analysts forecast that Northern Dynasty Minerals Ltd. will post -0.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Northern Dynasty Minerals news, insider Llc Kopernik Global Investors bought 3,301,941 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were purchased at an average cost of C$1.68 per share, for a total transaction of C$5,547,260.88. Following the purchase, the insider directly owned 43,375,769 shares in the company, valued at C$72,871,291.92. This represents a 8.24% increase in their ownership of the stock. Also, insider Adam Jonathan Chodos sold 55,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of C$3.12, for a total value of C$171,600.00. Following the transaction, the insider owned 43,000 shares in the company, valued at approximately C$134,160. This trade represents a 56.12% decrease in their ownership of the stock. Insiders have sold a total of 312,066 shares of company stock worth $946,445 in the last ninety days. 1.86% of the stock is owned by insiders.

About Northern Dynasty Minerals

Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty’s principal asset, owned through its wholly owned Alaska -based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 1,840 mineral claims in Southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project.