Northern Dynasty Minerals (TSE:NDM) Shares Down 8.9% – Here’s Why

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) shares dropped 8.9% on Tuesday . The company traded as low as C$1.75 and last traded at C$1.75. 1,420,979 shares changed hands during trading, an increase of 3% from the average session volume of 1,379,988 shares. The stock had previously closed at C$1.92.

Northern Dynasty Minerals Trading Down 0.6%

The firm has a market capitalization of C$972.47 million, a price-to-earnings ratio of -14.42 and a beta of -0.41. The company has a fifty day moving average price of C$2.22 and a 200-day moving average price of C$2.41. The company has a current ratio of 0.50, a quick ratio of 3.92 and a debt-to-equity ratio of 889.83.

Northern Dynasty Minerals (TSE:NDM) (NYSE:NAK) last released its quarterly earnings data on Wednesday, August 12th. The mining company reported C($0.06) EPS for the quarter. On average, equities research analysts predict that Northern Dynasty Minerals Ltd. will post -0.02 EPS for the current year.

Insider Buying and Selling

In other Northern Dynasty Minerals news, insider Llc Kopernik Global Investors bought 121,515 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was bought at an average cost of C$2.37 per share, with a total value of C$287,990.55. Following the completion of the transaction, the insider directly owned 43,648,028 shares of the company’s stock, valued at approximately C$103,445,826.36. The trade was a 0.28% increase in their position. 1.86% of the stock is 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.