NorthIsle Copper and Gold (CVE:NCX) Stock Price Up 0.6% – Still a Buy?

NorthIsle Copper and Gold Inc. (CVE:NCX)’s share price shot up 0.6% on Monday . The stock traded as high as C$3.16 and last traded at C$3.12. Approximately 260,898 shares were traded during mid-day trading, a decline of 58% from the average session volume of 620,585 shares. The stock had previously closed at C$3.10.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Ventum Financial raised shares of NorthIsle Copper and Gold to a “strong-buy” rating in a research report on Thursday, May 28th. Ventum Capital set a C$5.50 price target on shares of NorthIsle Copper and Gold and gave the stock a “buy” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy” and a consensus price target of C$5.50.

NorthIsle Copper and Gold Stock Up 0.6%

The company has a debt-to-equity ratio of 0.27, a quick ratio of 65.21 and a current ratio of 53.53. The stock has a fifty day moving average price of C$2.93 and a 200-day moving average price of C$2.96. The firm has a market cap of C$1.04 billion, a PE ratio of -44.57 and a beta of 1.70.

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.