Northern Dynasty Minerals (TSE:NDM) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$2.83 and traded as low as C$2.38. Northern Dynasty Minerals shares last traded at C$2.40, with a volume of 462,558 shares changing hands.

Northern Dynasty Minerals Price Performance

The firm has a 50-day simple moving average of C$2.83 and a two-hundred day simple moving average of C$2.61. The company has a market capitalization of C$1.34 billion, a price-to-earnings ratio of -24.00 and a beta of -0.32. The company has a current ratio of 0.71, a quick ratio of 3.92 and a debt-to-equity ratio of 174.11.

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. As a group, analysts predict that Northern Dynasty Minerals Ltd. will post -0.02 earnings per share for the current fiscal year.

Insider Activity at Northern Dynasty Minerals

In other Northern Dynasty Minerals news, insider Trevor Thomas sold 100,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of C$3.10, for a total value of C$310,000.00. Following the completion of the transaction, the insider owned 172,000 shares in the company, valued at approximately C$533,200. This represents a 36.76% decrease in their ownership of the stock. Also, insider Adam Jonathan Chodos sold 55,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of C$3.12, for a total value of C$171,600.00. Following the completion of the transaction, the insider directly owned 43,000 shares of the company’s stock, valued at C$134,160. The trade was a 56.12% decrease in their position. Insiders sold a total of 846,370 shares of company stock worth $2,574,657 in the last three months. Company 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.