Northern Dynasty Minerals (TSE:NDM) Shares Up 4.8% – Should You Buy?

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) shot up 4.8% during trading on Thursday . The company traded as high as C$2.87 and last traded at C$2.86. 188,160 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 1,679,285 shares. The stock had previously closed at C$2.73.

Northern Dynasty Minerals Price Performance

The company has a current ratio of 0.71, a quick ratio of 3.93 and a debt-to-equity ratio of 174.11. The business’s fifty day moving average is C$2.38 and its 200 day moving average is C$2.55. The firm has a market capitalization of C$1.61 billion, a P/E ratio of -28.80 and a beta of -0.63.

Northern Dynasty Minerals (TSE:NDM) (NYSE:NAK) last released its earnings results on Friday, May 15th. The mining company reported C$0.01 EPS for the quarter. As a group, analysts forecast that Northern Dynasty Minerals Ltd. will post -0.02 EPS for the current year.

Insider Buying and Selling

In related news, insider Trevor Thomas sold 100,000 shares of the business’s stock in a transaction that occurred on 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 sale, the insider directly owned 172,000 shares in the company, valued at C$533,200. The trade was a 36.76% decrease in their position. Also, insider Llc Kopernik Global Investors sold 107,066 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of C$2.95, for a total transaction of C$315,844.70. Following the completion of the sale, the insider owned 2,951,880 shares in the company, valued at C$8,708,046. The trade was a 3.50% decrease in their ownership of the stock. Insiders have sold 312,066 shares of company stock worth $946,445 in the last ninety days. 1.86% of the stock is currently owned by corporate insiders.

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.