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

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$2.81 and traded as high as C$3.22. Northern Dynasty Minerals shares last traded at C$2.96, with a volume of 1,154,475 shares changing hands.

Northern Dynasty Minerals Stock Down 3.6%

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 stock has a market capitalization of C$1.66 billion, a PE ratio of -29.60 and a beta of -0.49. The company’s 50-day moving average is C$2.81 and its 200 day moving average is C$2.62.

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

Insiders Place Their Bets

In other Northern Dynasty Minerals news, insider Llc Kopernik Global Investors purchased 3,301,941 shares of Northern Dynasty Minerals stock in a transaction on Thursday, March 19th. The stock was bought at an average cost of C$1.68 per share, with a total value of C$5,547,260.88. Following the transaction, the insider owned 43,375,769 shares of the company’s stock, valued at C$72,871,291.92. This represents a 8.24% increase in their position. Also, insider Trevor Thomas sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of C$3.10, for a total transaction of C$310,000.00. Following the transaction, the insider directly owned 172,000 shares of the company’s stock, valued at C$533,200. This represents a 36.76% decrease in their ownership of the stock. In the last ninety days, insiders sold 846,370 shares of company stock valued at $2,574,657. 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.