Northern Dynasty Minerals Ltd (TSE:NDM) (NYSE:NAK) shares shot up 28.8% on Wednesday . The company traded as high as C$1.12 and last traded at C$0.94. 1,273,583 shares changed hands during trading, an increase of 304% from the average session volume of 315,285 shares. The stock had previously closed at C$0.73.
Northern Dynasty Minerals (TSE:NDM) (NYSE:NAK) last posted its quarterly earnings data on Thursday, August 9th. The mining company reported C($0.09) earnings per share for the quarter. As a group, research analysts predict that Northern Dynasty Minerals Ltd will post -0.04 earnings per share for the current fiscal year.
In other news, Director Ronald William Thiessen sold 115,657 shares of Northern Dynasty Minerals stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of C$0.81, for a total transaction of C$93,682.17. Also, insider Marchand Snyman sold 62,857 shares of Northern Dynasty Minerals stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of C$0.81, for a total value of C$50,914.17.
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Northern Dynasty Minerals Ltd. acquires, explores for, and develops mineral properties in the United States. Its principal mineral property is the Pebble copper-gold-molybdenum project that includes 2,402 mineral claims covering approximately 417 square miles located in southwest Alaska. The company was formerly known as Northern Dynasty Explorations Ltd.
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