NorthIsle Copper and Gold (CVE:NCX) Hits New 52-Week High – What’s Next?

NorthIsle Copper and Gold Inc. (CVE:NCX)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$3.55 and last traded at C$3.41, with a volume of 911263 shares. The stock had previously closed at C$3.29.

NorthIsle Copper and Gold Price Performance

The business has a 50-day moving average of C$2.88 and a two-hundred day moving average of C$2.06. 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 firm has a market cap of C$995.06 million, a P/E ratio of -85.25 and a beta of 1.66.

Insider Activity

In related news, insider Samuel Lee sold 69,000 shares of the firm’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 transaction, the insider owned 7,614,105 shares in the company, valued at C$20,101,237.20. This trade represents a 0.90% decrease in their position. 13.96% of the stock is owned by corporate insiders.

NorthIsle Copper and Gold Company Profile

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.