Northern Dynasty Minerals (TSE:NDM) Stock Price Down 37.3% – Here’s What Happened

Northern Dynasty Minerals Ltd. (TSE:NDMGet Free Report) (NYSE:NAK) traded down 37.3% during trading on Wednesday . The stock traded as low as C$1.52 and last traded at C$1.73. 4,010,623 shares were traded during trading, an increase of 152% from the average session volume of 1,588,732 shares. The stock had previously closed at C$2.76.

Northern Dynasty Minerals Stock Down 38.0%

The company has a quick ratio of 3.93, a current ratio of 1.04 and a debt-to-equity ratio of 2.33. The stock has a 50-day simple moving average of C$2.92 and a two-hundred day simple moving average of C$2.31. The firm has a market cap of C$944.83 million, a PE ratio of -11.40 and a beta of -0.53.

About Northern Dynasty Minerals

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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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