Northern Dynasty Minerals (TSE:NDM) Trading Down 6.6% – Time to Sell?

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) was down 6.6% on Monday . The stock traded as low as C$0.99 and last traded at C$0.99. Approximately 97,373 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 336,313 shares. The stock had previously closed at C$1.06.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upgraded Northern Dynasty Minerals to a “strong-buy” rating in a research note on Thursday, January 2nd.

Northern Dynasty Minerals Stock Performance

The company has a 50-day moving average of C$0.96 and a 200-day moving average of C$0.71. 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 firm has a market capitalization of C$543.16 million, a price-to-earnings ratio of -31.69 and a beta of 0.75.

About Northern Dynasty Minerals

Northern Dynasty Minerals Ltd. engages in the exploration of mineral properties in the United States. It holds a 100% interest in the Pebble Copper-Gold-Molybdenum-Silver-Rhenium project comprising 1,840 mineral claims that covers an area of approximately 274 square miles located in southwest Alaska, the United States.