Northern Dynasty Minerals (TSE:NDM) Shares Up 10.4% – Time to Buy?

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) was up 10.4% during mid-day trading on Tuesday . The stock traded as high as C$1.52 and last traded at C$1.49. Approximately 655,638 shares traded hands during mid-day trading, an increase of 5% from the average daily volume of 622,043 shares. The stock had previously closed at C$1.35.

Analyst Ratings Changes

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

Northern Dynasty Minerals Price Performance

The stock has a market cap of C$847.32 million, a P/E ratio of -49.44 and a beta of 0.75. The business’s 50 day moving average price is C$1.16 and its two-hundred day moving average price is C$0.87. The company has a current ratio of 1.04, a quick ratio of 3.93 and a debt-to-equity ratio of 2.33.

Insider Activity

In other Northern Dynasty Minerals news, insider Bruce Wayne Jenkins sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$1.65, for a total transaction of C$41,360.00. 1.86% of the stock is currently owned by company insiders.

Northern Dynasty Minerals Company Profile

Northern Dynasty Minerals Ltd is a Canadian mineral exploration company. It has a single operating segment of acquisition, exploration, and development of mineral properties. Its core asset is the Pebble Project located in Alaska, USA. The Pebble project is seeking to develop a significant deposit of copper, gold, molybdenum, and silver into a modern mining operation.