NorthIsle Copper and Gold (CVE:NCX) Stock Price Down 0.8% – Here’s Why

NorthIsle Copper and Gold Inc. (CVE:NCX)’s share price was down 0.8% on Thursday. The stock traded as low as C$3.48 and last traded at C$3.57. 471,493 shares traded hands during trading, a decline of 28% from the average session volume of 650,595 shares. The stock had previously closed at C$3.60.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Raymond James Financial set a C$7.00 price target on shares of NorthIsle Copper and Gold and gave the stock an “outperform” rating in a research report on Thursday, September 17th. Canadian Imperial Bank of Commerce set a C$7.00 price objective on NorthIsle Copper and Gold and gave the company an “outperform” rating in a research note on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$6.50.

NorthIsle Copper and Gold Stock Down 0.8%

The firm has a market capitalization of C$1.19 billion, a price-to-earnings ratio of -44.62 and a beta of 2.46. The firm has a fifty day moving average price of C$4.07 and a 200 day moving average price of C$3.36. The company has a current ratio of 28.85, a quick ratio of 65.21 and a debt-to-equity ratio of 0.49.

Insider Buying and Selling

In other news, insider Nicholas Van Dyk sold 300,000 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of C$4.49, for a total transaction of C$1,347,000.00. Following the sale, the insider owned 980,145 shares in the company, valued at approximately C$4,400,851.05. This represents a 23.43% decrease in their ownership of the stock. Corporate insiders own 13.96% of the company’s stock.

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.