Northern Dynasty Minerals (TSE:NDM) Sets New 12-Month High – Should You Buy?

Northern Dynasty Minerals Ltd. (TSE:NDMGet Free Report) (NYSE:NAK) shares reached a new 52-week high on Friday . The company traded as high as C$1.09 and last traded at C$1.07, with a volume of 68964 shares. The stock had previously closed at C$1.05.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Report on Northern Dynasty Minerals

Northern Dynasty Minerals Price Performance

The company has a debt-to-equity ratio of 2.65, a current ratio of 0.61 and a quick ratio of 3.93. The stock has a market capitalization of C$548.47 million, a price-to-earnings ratio of -34.00 and a beta of 0.75. The stock’s 50 day simple moving average is C$0.79 and its 200-day simple moving average is C$0.60.

Insider Activity

In related news, Director Robert Allan Dickinson sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of C$0.59, for a total value of C$59,010.00. 1.86% of the stock is owned by insiders.

About Northern Dynasty Minerals

(Get Free Report)

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.

Further Reading

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