Northern Dynasty Minerals (TSE:NDM) Stock Price Up 5.8% – Here’s Why

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) shares traded up 5.8% during trading on Wednesday . The company traded as high as C$0.93 and last traded at C$0.91. 282,898 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 322,211 shares. The stock had previously closed at C$0.86.

Analysts Set New Price Targets

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

Northern Dynasty Minerals Price Performance

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 stock has a market capitalization of C$554.02 million, a P/E ratio of -32.33 and a beta of 0.75. The company has a fifty day simple moving average of C$0.94 and a two-hundred day simple moving average of C$0.69.

About Northern Dynasty Minerals

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.