NorthIsle Copper and Gold (CVE:NCX) Reaches New 1-Year High – Here’s Why

Shares of NorthIsle Copper and Gold Inc. (CVE:NCX) hit a new 52-week high during trading on Monday . The company traded as high as C$4.61 and last traded at C$4.58, with a volume of 194400 shares changing hands. The stock had previously closed at C$4.24.

Analyst Ratings Changes

Several equities research analysts recently commented on NCX shares. Ventum Capital set a C$5.50 price objective on shares of NorthIsle Copper and Gold and gave the stock a “buy” rating in a research note on Thursday, May 28th. Ventum Financial raised shares of NorthIsle Copper and Gold to a “strong-buy” rating in a research note on Thursday, May 28th. Finally, Canadian Imperial Bank of Commerce set a C$7.00 target price on NorthIsle Copper and Gold and gave the stock an “outperform” rating in a report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$6.25.

NorthIsle Copper and Gold Stock Performance

The company has a debt-to-equity ratio of 0.49, a quick ratio of 65.21 and a current ratio of 28.85. The stock has a market cap of C$1.50 billion, a PE ratio of -56.25 and a beta of 1.69. The business’s fifty day moving average price is C$3.38 and its 200-day moving average price is C$3.11.

About NorthIsle Copper and Gold

NorthIsle Copper and Gold Inc, a junior resources company, engages in the exploration, development, and acquisition of mineral resource properties in Canada. The company explores for copper, gold, molybdenum, and rhenium deposits. Its principal property is the North Island project consisting of approximately 34,000 hectares located on Northern Vancouver Island, British Columbia. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.