Northern Dynasty Minerals (TSE:NDM) Stock Passes Above Fifty Day Moving Average – What’s Next?

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$2.52 and traded as high as C$3.06. Northern Dynasty Minerals shares last traded at C$3.01, with a volume of 804,449 shares changing hands.

Northern Dynasty Minerals Price Performance

The stock has a market capitalization of C$1.69 billion, a price-to-earnings ratio of -30.10 and a beta of -0.63. The company has a 50 day moving average of C$2.52 and a 200 day moving average of C$2.57. The company has a quick ratio of 3.93, a current ratio of 0.71 and a debt-to-equity ratio of 174.11.

Northern Dynasty Minerals (TSE:NDM) (NYSE:NAK) last released its earnings results on Friday, May 15th. The mining company reported C$0.01 EPS for the quarter. As a group, equities research analysts forecast that Northern Dynasty Minerals Ltd. will post -0.02 EPS for the current fiscal year.

Insider Activity at Northern Dynasty Minerals

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