NorthIsle Copper and Gold (CVE:NCX) Insider Nicholas Van Dyk Sells 300,000 Shares of Stock

NorthIsle Copper and Gold Inc. (CVE:NCX) insider Nicholas Van Dyk sold 300,000 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of C$4.49, for a total value of C$1,347,000.00. Following the completion of the sale, the insider directly owned 980,145 shares in the company, valued at approximately C$4,400,851.05. This represents a 23.43% decrease in their position.

NorthIsle Copper and Gold Trading Down 2.5%

Shares of NCX opened at C$4.34 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 65.21 and a current ratio of 28.85. NorthIsle Copper and Gold Inc. has a 52-week low of C$1.30 and a 52-week high of C$4.74. The firm has a market cap of C$1.45 billion, a price-to-earnings ratio of -54.25 and a beta of 1.75. The business’s fifty day moving average is C$3.56 and its 200-day moving average is C$3.17.

Wall Street Analysts Forecast Growth

NCX has been the topic of a number of recent analyst reports. Ventum Capital set a C$5.50 target price on NorthIsle Copper and Gold and gave the stock a “buy” rating in a research note on Thursday, May 28th. Canadian Imperial Bank of Commerce set a C$7.00 price target on shares of NorthIsle Copper and Gold and gave the company an “outperform” rating in a research note on Friday, August 21st. Finally, Ventum Financial raised shares of NorthIsle Copper and Gold to a “strong-buy” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat, NorthIsle Copper and Gold presently has an average rating of “Buy” and an average target price of C$6.25.

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.