Northern Dynasty Minerals (TSE:NDM) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$2.83 and traded as low as C$2.38. Northern Dynasty Minerals shares last traded at C$2.40, with a volume of 462,558 shares trading hands.

Northern Dynasty Minerals Stock Down 2.8%

The company has a current ratio of 0.71, a quick ratio of 3.92 and a debt-to-equity ratio of 174.11. The firm has a market capitalization of C$1.34 billion, a P/E ratio of -24.00 and a beta of -0.32. The company has a 50 day simple moving average of C$2.83 and a two-hundred day simple moving average of C$2.61.

Northern Dynasty Minerals (TSE:NDM) (NYSE:NAK) last released its quarterly earnings data on Friday, May 15th. The mining company reported C$0.01 earnings per share (EPS) for the quarter. On average, equities analysts predict 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 Llc Kopernik Global Investors sold 300,000 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of C$3.06, for a total transaction of C$918,000.00. Following the completion of the transaction, the insider owned 2,367,576 shares of the company’s stock, valued at C$7,244,782.56. This represents a 11.25% decrease in their position. Also, insider Adam Jonathan Chodos sold 55,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of C$3.12, for a total transaction of C$171,600.00. Following the transaction, the insider directly owned 43,000 shares of the company’s stock, valued at C$134,160. This trade represents a 56.12% decrease in their position. Over the last ninety days, insiders sold 846,370 shares of company stock valued at $2,574,657. Corporate insiders own 1.86% of the company’s stock.

Northern Dynasty Minerals Company Profile

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.