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

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-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 company has a debt-to-equity ratio of 174.11, a current ratio of 0.71 and a quick ratio of 3.93. The company has a 50-day moving average price of C$2.52 and a 200-day moving average price of C$2.57. The firm has a market capitalization of C$1.69 billion, a PE ratio of -30.10 and a beta of -0.63.

Northern Dynasty Minerals (TSE:NDM) (NYSE:NAK) last issued its quarterly earnings data on Friday, May 15th. The mining company reported C$0.01 earnings per share (EPS) for the quarter. Sell-side analysts forecast that Northern Dynasty Minerals Ltd. will post -0.02 EPS for the current year.

Insider Activity at Northern Dynasty Minerals

In related news, insider Adam Jonathan Chodos sold 55,000 shares of the company’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 completion of the transaction, the insider directly owned 43,000 shares in the company, valued at approximately C$134,160. This represents a 56.12% decrease in their ownership of the stock. Also, 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 stock was acquired 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 approximately C$72,871,291.92. The trade was a 8.24% increase in their position. 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.