Northern Dynasty Minerals (TSE:NDM) Reaches New 1-Year High – Here’s What Happened

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s stock price reached a new 52-week high on Monday . The company traded as high as C$1.10 and last traded at C$1.10, with a volume of 58053 shares trading hands. The stock had previously closed at C$1.06.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upgraded shares of Northern Dynasty Minerals to a “strong-buy” rating in a report on Thursday, January 2nd.

Northern Dynasty Minerals Stock Up 1.9 %

The business’s 50-day moving average price is C$0.85 and its 200-day moving average price is C$0.64. The firm has a market capitalization of C$580.74 million, a PE ratio of -36.00 and a beta of 0.75. The company has a quick ratio of 3.93, a current ratio of 0.61 and a debt-to-equity ratio of 2.65.

About Northern Dynasty Minerals

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in the Pebble Copper-Gold-Molybdenum-Silver-Rhenium project comprising 1,840 mineral claims that covers an area of approximately 274 square miles located in southwest Alaska, the United States.