Northern Dynasty Minerals (TSE:NDM) Trading Down 6.6% – Here’s What Happened

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s stock price was down 6.6% during trading on Monday . The stock traded as low as C$0.99 and last traded at C$0.99. Approximately 97,373 shares changed hands during trading, a decline of 71% from the average daily volume of 336,313 shares. The stock had previously closed at C$1.06.

Wall Street Analysts Forecast Growth

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

Northern Dynasty Minerals Price Performance

The company has a debt-to-equity ratio of 2.33, a quick ratio of 3.93 and a current ratio of 1.04. The company has a 50-day moving average price of C$0.95 and a 200-day moving average price of C$0.70. The firm has a market capitalization of C$521.43 million, a P/E ratio of -30.43 and a beta of 0.75.

Northern Dynasty Minerals Company Profile

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.