Northern Dynasty Minerals (TSE:NDM) Shares Down 8.2% – What’s Next?

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) shares were down 8.2% during mid-day trading on Friday . The stock traded as low as C$2.23 and last traded at C$2.23. 744,627 shares were traded 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 Price Performance

The stock’s 50-day moving average price is C$2.73 and its 200 day moving average price is C$2.57. The company has a quick ratio of 3.92, a current ratio of 0.71 and a debt-to-equity ratio of 174.11. The firm has a market capitalization of C$1.23 billion, a price-to-earnings ratio of -22.00 and a beta of -0.32.

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

Insider Activity

In other Northern Dynasty Minerals news, insider Trevor Thomas sold 100,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of C$3.10, for a total transaction of C$310,000.00. Following the transaction, the insider owned 172,000 shares of the company’s stock, valued at approximately C$533,200. The trade was 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 on Thursday, May 14th. The shares were sold at an average price of C$3.12, for a total value of C$171,600.00. Following the completion of the sale, the insider owned 43,000 shares of the company’s stock, valued at approximately C$134,160. The trade was a 56.12% decrease in their ownership of the stock. Insiders sold 846,370 shares of company stock worth $2,574,657 over the last ninety days. Corporate insiders own 1.86% of the company’s stock.

Northern Dynasty Minerals Company Profile

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.