Northern Dynasty Minerals (TSE:NDM) Shares Up 5.9% – Time to Buy?

Shares of Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) traded up 5.9% during mid-day trading on Friday . The stock traded as high as C$1.10 and last traded at C$1.07. 237,226 shares traded hands 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 Ratings Changes

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

Northern Dynasty Minerals Trading Up 14.9 %

The company has a debt-to-equity ratio of 2.33, a current ratio of 1.04 and a quick ratio of 3.93. The company has a market cap of C$630.06 million, a P/E ratio of -36.77 and a beta of 0.75. The stock’s 50-day moving average is C$0.97 and its two-hundred day moving average 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.