Northern Dynasty Minerals (TSE:NDM) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Northern Dynasty Minerals Ltd. (TSE:NDMGet Free Report) (NYSE:NAK)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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.

Northern Dynasty Minerals Trading Down 2.8%

The company 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 debt-to-equity ratio of 174.11, a quick ratio of 3.92 and a current ratio of 0.71. The stock has a fifty day moving average of C$2.83 and a 200 day moving average of C$2.61.

Northern Dynasty Minerals (TSE:NDMGet Free Report) (NYSE:NAK) last released 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, equities research analysts anticipate that Northern Dynasty Minerals Ltd. will post -0.02 EPS for the current fiscal year.

Insider Buying and Selling

In other Northern Dynasty Minerals news, insider Llc Kopernik Global Investors sold 300,000 shares of Northern Dynasty Minerals stock in a transaction that occurred on 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 transaction, the insider owned 2,367,576 shares of the company’s stock, valued at C$7,244,782.56. The trade was a 11.25% decrease in their ownership of the stock. Also, insider Trevor Thomas sold 100,000 shares of the company’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 completion of the transaction, the insider owned 172,000 shares of the company’s stock, valued at approximately C$533,200. The trade was 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 corporate insiders.

Northern Dynasty Minerals Company Profile

(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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