NorthIsle Copper and Gold (CVE:NCX) Trading Up 19.6% – Should You Buy?

NorthIsle Copper and Gold Inc. (CVE:NCX)’s share price was up 19.6% during mid-day trading on Monday . The stock traded as high as C$3.30 and last traded at C$3.23. Approximately 623,203 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 721,547 shares. The stock had previously closed at C$2.70.

NorthIsle Copper and Gold Stock Up 3.3%

The company has a current ratio of 2.03, a quick ratio of 65.21 and a debt-to-equity ratio of 1.50. The business’s fifty day simple moving average is C$2.90 and its 200 day simple moving average is C$2.07. The stock has a market cap of C$992.14 million, a price-to-earnings ratio of -85.00 and a beta of 1.66.

Insider Transactions at NorthIsle Copper and Gold

In other NorthIsle Copper and Gold news, insider Samuel Lee sold 69,000 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of C$2.64, for a total value of C$182,160.00. Following the completion of the sale, the insider owned 7,614,105 shares of the company’s stock, valued at approximately C$20,101,237.20. This represents a 0.90% decrease in their ownership of the stock. Corporate insiders own 13.96% of the company’s stock.

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.