Northern Dynasty Minerals Shares Plummet Amid EPA Talks and Insider Selling

Northern Dynasty Minerals (NAK) closed 31% lower after insider trading disclosures revealed share sales by key executives. The selloff erased gains following the July 4 announcement that the company is in talks to resolve a legal standoff with the EPA over the Pebble project. Despite initial optimism, the firm clarified that "we have not reached a settlement," and instead requested that the court resume proceedings.

Northern Dynasty Minerals (NAK) closed 31% lower on Thursday, July 17, 2025, following disclosures of insider selling activity by key executives. The selloff erased gains that had been made after the company announced on July 4 that it was in talks to resolve a legal standoff with the U.S. Environmental Protection Agency (EPA) over the Pebble project [1].

The company's Toronto-listed shares plunged as much as 55% to C$1.41 before recovering to around C$2.27 in late afternoon trading. The stock was briefly halted due to the sharp decline. At press time, the company's market capitalization stood at C$1.2 billion ($870 million) [1].

The selloff was attributed to significant share sales by executives, including Vice President of Engineering Stephen Hodgson and Chairman Robert Dickinson, during recent trading sessions. Hodgson sold 200,000 shares at an average price of C$3.03, while Dickinson sold an unspecified number of shares [3].

The Pebble project, located in Alaska, is the world's largest undeveloped copper and gold resource. However, the project has been a source of contention due to its location near Bristol Bay, home to some of the world's largest sockeye salmon fisheries [1].

Northern Dynasty's stock had been rallying this year on optimism that the Trump administration might roll back the project's regulatory hurdles. However, the company clarified that it has not reached a settlement with the EPA and instead requested that the court resume proceedings [2].

The company has a debt-to-equity ratio of 2.33, a current ratio of 1.04, and a quick ratio of 3.93. Its fifty-day simple moving average is C$1.84, and its two-hundred-day simple moving average is C$1.39. The company has a market cap of C$917.93 million, a PE ratio of -53.56, and a beta of 0.75 [3].

References:
[1] https://www.mining.com/northern-dynasty-shares-plunge-55-on-insider-selling/
[2] https://conduitstreet.mdcounties.org/2025/07/15/epa-challenges-maryland-offshore-wind-project-permit-validity/
[3] https://www.marketbeat.com/instant-alerts/northern-dynasty-minerals-tsendm-trading-down-252-after-insider-selling-2025-07-17/