Northern Dynasty Minerals (TSE:NDM) Trading Down 8.2% – Here’s What Happened

Shares of Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) were down 8.2% during trading on Friday . The company traded as low as C$2.23 and last traded at C$2.23. 744,627 shares changed hands during trading, a decline of 50% from the average daily volume of 1,479,963 shares. The stock had previously closed at C$2.43.

Northern Dynasty Minerals Stock Performance

The company has a fifty day moving average price of C$2.72 and a two-hundred day moving average price of C$2.57. The company has a debt-to-equity ratio of 174.11, a current ratio of 0.71 and a quick ratio of 3.92. The company has a market capitalization of C$1.24 billion, a P/E ratio of -22.20 and a beta of -0.32.

Northern Dynasty Minerals (TSE:NDM) (NYSE:NAK) last issued its quarterly earnings data on Friday, May 15th. The mining company reported C$0.01 earnings per share (EPS) for the quarter. Equities analysts forecast that Northern Dynasty Minerals Ltd. will post -0.02 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Llc Kopernik Global Investors sold 300,000 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of C$3.06, for a total value of C$918,000.00. Following the sale, the insider owned 2,367,576 shares of the company’s stock, valued at C$7,244,782.56. The trade was a 11.25% decrease in their ownership of the stock. Also, insider Adam Jonathan Chodos sold 55,000 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of C$3.12, for a total transaction of C$171,600.00. Following the completion of the sale, the insider directly owned 43,000 shares in the company, valued at approximately C$134,160. This represents a 56.12% decrease in their position. Over the last 90 days, insiders sold 846,370 shares of company stock valued at $2,574,657. Insiders own 1.86% of the company’s stock.

About Northern Dynasty Minerals

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.