Northern Dynasty Minerals (TSE:NDM) Stock Passes Above 50-Day Moving Average – Here’s What Happened

Northern Dynasty Minerals Ltd. (TSE:NDM – Get Free Report) (NYSE:NAK)’s share price crossed 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 traded.

Northern Dynasty Minerals Price Performance

The company has a debt-to-equity ratio of 174.11, a quick ratio of 3.93 and a current ratio of 0.71. The stock has a market capitalization of C$1.82 billion, a price-to-earnings ratio of -32.40 and a beta of -0.63. The company has a 50-day moving average of C$2.55 and a 200-day moving average of C$2.57.

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Northern Dynasty Minerals (TSE:NDM – Get Free Report) (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 expect that Northern Dynasty Minerals Ltd. will post -0.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Northern Dynasty Minerals news, insider Trevor Thomas sold 100,000 shares of Northern Dynasty Minerals stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of C$3.10, for a total value of C$310,000.00. Following the transaction, the insider owned 172,000 shares in the company, valued at C$533,200. This trade represents a 36.76% decrease in their position. Also, insider Adam Jonathan Chodos sold 55,000 shares of Northern Dynasty Minerals stock in a transaction on 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 completion of the transaction, the insider owned 43,000 shares in the company, valued at approximately C$134,160. This trade represents a 56.12% decrease in their position. In the last three months, insiders sold 312,066 shares of company stock valued at $946,445. Company insiders own 1.86% of the company’s stock.

About Northern Dynasty Minerals

(Get Free Report)

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.

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