Northern Dynasty Minerals (TSE:NDM) Stock Price Down 6.4% – What’s Next?

Shares of Northern Dynasty Minerals Ltd. (TSE:NDMGet Free Report) (NYSE:NAK) were down 6.4% during trading on Wednesday . The stock traded as low as C$2.62 and last traded at C$2.76. Approximately 1,393,752 shares traded hands during trading, a decline of 8% from the average daily volume of 1,514,062 shares. The stock had previously closed at C$2.95.

Northern Dynasty Minerals Price Performance

The stock has a market cap of C$983.51 million, a P/E ratio of -11.87 and a beta of -0.53. The company has a 50 day simple moving average of C$2.92 and a 200 day simple moving average of C$2.31. The company has a current ratio of 1.04, a quick ratio of 3.93 and a debt-to-equity ratio of 2.33.

About Northern Dynasty Minerals

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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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