Northern Dynasty Minerals (TSE:NDM) Stock Price Up 5.9% – Here’s Why

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s stock price traded up 5.9% on Friday . The company traded as high as C$1.10 and last traded at C$1.07. 237,226 shares were traded during mid-day trading, a decline of 29% from the average session volume of 333,168 shares. The stock had previously closed at C$1.01.

Analyst Upgrades and Downgrades

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 Stock Up 29.7 %

The company has a market cap of C$711.53 million, a price-to-earnings ratio of -41.52 and a beta of 0.75. The company has a current ratio of 1.04, a quick ratio of 3.93 and a debt-to-equity ratio of 2.33. The firm’s fifty day moving average price is C$0.98 and its 200-day moving average price is C$0.74.

Northern Dynasty Minerals Company Profile

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.