Northern Dynasty Minerals (TSE:NDM) Shares Down 25.2% on Insider Selling

Shares of Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) fell 25.2% on Thursday following insider selling activity. The company traded as low as C$2.20 and last traded at C$2.35. 1,700,306 shares changed hands during mid-day trading, an increase of 70% from the average session volume of 997,404 shares. The stock had previously closed at C$3.14.

Specifically, Director Michael Heatwole sold 102,000 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of C$2.94, for a total transaction of C$300,186.00. Also, Senior Officer Stephen Hodgson sold 200,000 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of C$3.03, for a total value of C$606,400.00. In other news, Director James Eduard Fueg sold 51,000 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of C$2.95, for a total transaction of C$150,450.00.

Northern Dynasty Minerals Trading Down 29.0%

The firm has a market capitalization of C$1.21 billion, a PE ratio of -70.68 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 business has a fifty day moving average price of C$1.86 and a two-hundred day moving average price of C$1.40.

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.