NorthIsle Copper and Gold (CVE:NCX) Trading Down 8.8% – Here’s Why

Shares of NorthIsle Copper and Gold Inc. (CVE:NCX) fell 8.8% during mid-day trading on Friday . The stock traded as low as C$3.04 and last traded at C$3.07. 1,736,223 shares changed hands during trading, an increase of 136% from the average session volume of 735,537 shares. The stock had previously closed at C$3.37.

NorthIsle Copper and Gold Trading Down 9.1%

The company has a 50 day moving average price of C$2.93 and a 200 day moving average price of C$2.09. The firm has a market cap of C$892.93 million, a price-to-earnings ratio of -76.50 and a beta of 1.66. The company has a debt-to-equity ratio of 1.50, a quick ratio of 65.21 and a current ratio of 2.03.

Insider Buying and Selling

In other NorthIsle Copper and Gold news, insider Samuel Lee sold 69,000 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 7,614,105 shares of the company’s stock, valued at C$20,101,237.20. This represents a 0.90% decrease in their ownership of the stock. 13.96% of the stock is owned by 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.