Northern Dynasty Minerals (TSE:NDM) Trading Down 8.2% – Here’s What Happened

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

The company has a market capitalization of C$1.23 billion, a PE ratio of -22.00 and a beta of -0.32. The firm has a 50-day moving average of C$2.73 and a two-hundred day moving average of 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.

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

Insider Buying and Selling at Northern Dynasty Minerals

In related news, insider Trevor Thomas sold 100,000 shares of Northern Dynasty Minerals stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of C$3.10, for a total value of C$310,000.00. Following the completion of the transaction, the insider 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 300,000 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of C$3.06, for a total value of C$918,000.00. Following the completion of the transaction, the insider directly owned 2,367,576 shares of the company’s stock, valued at C$7,244,782.56. The trade was a 11.25% decrease in their position. Over the last quarter, insiders sold 846,370 shares of company stock valued at $2,574,657. 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.