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

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$0.77 and last traded at C$0.77, with a volume of 569244 shares changing hands. The stock had previously closed at C$0.70.

Northern Dynasty Minerals Stock Down 1.4 %

The company has a debt-to-equity ratio of 2.65, a current ratio of 0.61 and a quick ratio of 3.93. The firm has a market capitalization of C$387.16 million, a price-to-earnings ratio of -24.00 and a beta of 0.75. The firm’s 50-day moving average price is C$0.60 and its 200 day moving average price is C$0.51.

Insider Transactions at Northern Dynasty Minerals

In other news, Director Robert Allan Dickinson sold 100,000 shares of Northern Dynasty Minerals stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of C$0.59, for a total transaction of C$59,010.00. Insiders own 1.86% of the company’s stock.

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.