Northern Dynasty Minerals (TSE:NDM) Shares Down 8.9% – Time to Sell?

Shares of Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) dropped 8.9% on Tuesday . The stock traded as low as C$1.75 and last traded at C$1.75. Approximately 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 Stock Down 9.4%

The company has a current ratio of 0.50, a quick ratio of 3.92 and a debt-to-equity ratio of 889.83. The firm’s 50 day simple moving average is C$2.25 and its 200-day simple moving average is C$2.42. The stock has a market capitalization of C$978.09 million, a price-to-earnings ratio of -14.50 and a beta of -0.41.

Northern Dynasty Minerals (TSE:NDM) (NYSE:NAK) last issued its earnings results on Wednesday, August 12th. The mining company reported C($0.06) earnings per share for the quarter. Equities analysts expect that Northern Dynasty Minerals Ltd. will post -0.02 earnings per share for the current fiscal year.

Insider Activity at Northern Dynasty Minerals

In related news, insider Llc Kopernik Global Investors acquired 121,515 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were 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 C$103,445,826.36. This trade represents a 0.28% increase in their ownership of the stock. 1.86% of the stock is currently 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.