Northern Dynasty Minerals (TSE:NDM) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Northern Dynasty Minerals Ltd. (TSE:NDM) (NYSE:NAK) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$0.89 and traded as high as C$1.00. Northern Dynasty Minerals shares last traded at C$0.98, with a volume of 168,366 shares changing hands.

Analyst Upgrades and Downgrades

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

Northern Dynasty Minerals Stock Performance

The company has a market capitalization of C$532.29 million, a price-to-earnings ratio of -31.06 and a beta of 0.75. The stock has a fifty day moving average price of C$0.89 and a two-hundred day moving average price of C$0.66. The company has a quick ratio of 3.93, a current ratio of 1.04 and a debt-to-equity ratio of 2.33.

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.