Northern Dynasty Minerals (TSE:NDM) Shares Down 29% After Insider Selling

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK)’s share price fell 29% on Thursday following insider selling activity. The company traded as low as C$1.41 and last traded at C$2.23. 8,945,346 shares changed hands during mid-day trading, an increase of 744% from the average session volume of 1,059,950 shares. The stock had previously closed at C$3.14.

Specifically, Director Michael Heatwole sold 102,000 shares of the firm’s stock in a transaction that occurred 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 Northern Dynasty Minerals stock in a transaction dated 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 related news, Director James Eduard Fueg sold 51,000 shares of the business’s stock in a transaction that occurred 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 Price Performance

The firm’s fifty day moving average is C$1.86 and its two-hundred day moving average is C$1.40. The company has a market cap of C$754.99 million, a P/E ratio of -44.06 and a beta of 0.75. The company has a debt-to-equity ratio of 2.33, a quick ratio of 3.93 and a current ratio of 1.04.

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.