Northern Dynasty Minerals (TSE:NDM) Trading Down 29% – Here’s What Happened

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) shares were down 29% during trading on Friday . The company traded as low as C$1.41 and last traded at C$2.23. Approximately 8,945,346 shares traded hands during trading, an increase of 744% from the average daily volume of 1,059,950 shares. The stock had previously closed at C$3.14.

Northern Dynasty Minerals Stock Down 29.0%

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 market cap of C$1.21 billion, a PE ratio of -70.68 and a beta of 0.75. The business has a fifty day moving average of C$1.86 and a 200-day moving average of C$1.40.

Insider Activity

In other Northern Dynasty Minerals news, Director Michael Heatwole sold 102,000 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of C$2.94, for a total transaction of C$300,186.00. Also, Director James Eduard Fueg sold 51,000 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of C$2.95, for a total value of C$150,450.00. In the last 90 days, insiders have sold 868,914 shares of company stock worth $2,404,970. Company insiders own 1.86% of the company’s stock.

About Northern Dynasty Minerals

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.