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

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.89 and traded as high as C$1.00. Northern Dynasty Minerals shares last traded at C$0.98, with a volume of 168,366 shares changing hands.

Analyst Upgrades and Downgrades

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

Northern Dynasty Minerals Trading Down 2.0 %

The stock has a market capitalization of C$537.72 million, a P/E ratio of -31.38 and a beta of 0.75. The stock’s fifty day moving average price is C$0.91 and its 200 day moving average price is C$0.67. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.04 and a quick ratio of 3.93.

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.