NorthIsle Copper and Gold (CVE:NCX) Stock Falls 0.8% – Should You Sell?

NorthIsle Copper and Gold Inc. (CVE:NCX) traded down 0.8% on Thursday. The company traded as low as C$3.48 and last traded at C$3.57. 471,493 shares traded hands during mid-day 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 analysts have recently commented on NCX shares. Raymond James Financial set a C$7.00 price target on shares of NorthIsle Copper and Gold and gave the company an “outperform” rating in a research note on Thursday, September 17th. Canadian Imperial Bank of Commerce set a C$7.00 price objective on NorthIsle Copper and Gold and gave the stock an “outperform” rating in a report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$6.50.

NorthIsle Copper and Gold Stock Performance

The company has a current ratio of 28.85, a quick ratio of 65.21 and a debt-to-equity ratio of 0.49. The company has a market cap of C$1.19 billion, a price-to-earnings ratio of -44.62 and a beta of 2.46. The stock has a 50 day moving average price of C$4.07 and a two-hundred day moving average price of C$3.36.

Insiders Place Their Bets

In other NorthIsle Copper and Gold news, insider Nicholas Van Dyk sold 300,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 980,145 shares in the company, valued at approximately C$4,400,851.05. This trade represents a 23.43% decrease in their ownership of the stock. 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.