Northern Dynasty Minerals (TSE:NDM) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Northern Dynasty Minerals Ltd. (TSE:NDMGet Free Report) (NYSE:NAK)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.34 and traded as low as C$2.02. Northern Dynasty Minerals shares last traded at C$2.11, with a volume of 18,175,810 shares trading hands.

Northern Dynasty Minerals Stock Performance

The firm’s 50-day simple moving average is C$2.77 and its two-hundred day simple moving average is C$2.34. The company has a current ratio of 1.04, a quick ratio of 3.93 and a debt-to-equity ratio of 2.33. The stock has a market capitalization of C$1.17 billion, a PE ratio of -14.07 and a beta of -0.53.

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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