Northern Dynasty Minerals (TSE:NDM) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$0.97 and traded as high as C$1.06. Northern Dynasty Minerals shares last traded at C$1.02, with a volume of 200,880 shares changing hands.

Wall Street Analysts Forecast Growth

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

Northern Dynasty Minerals Stock Down 2.0 %

The business’s 50 day simple moving average is C$0.97 and its 200 day simple moving average is C$0.73. The company has a market capitalization of C$543.16 million, a PE ratio of -31.69 and a beta of 0.75. The company has a quick ratio of 3.93, a current ratio of 1.04 and a debt-to-equity ratio of 2.33.

About Northern Dynasty Minerals

Northern Dynasty Minerals Ltd is a Canadian mineral exploration company. It has a single operating segment of acquisition, exploration, and development of mineral properties. Its core asset is the Pebble Project located in Alaska, USA. The Pebble project is seeking to develop a significant deposit of copper, gold, molybdenum, and silver into a modern mining operation.