NorthIsle Copper and Gold (CVE:NCX) Shares Up 19.6% – What’s Next?

NorthIsle Copper and Gold Inc. (CVE:NCX) shares were up 19.6% during trading on Monday . The stock traded as high as C$3.30 and last traded at C$3.23. Approximately 623,203 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 721,547 shares. The stock had previously closed at C$2.70.

NorthIsle Copper and Gold Price Performance

The company has a 50 day simple moving average of C$2.85 and a 200-day simple moving average of C$2.03. The stock has a market cap of C$949.83 million, a price-to-earnings ratio of -81.38 and a beta of 1.66. The company has a current ratio of 2.03, a quick ratio of 65.21 and a debt-to-equity ratio of 1.50.

Insider Activity

In related news, insider Samuel Lee sold 69,000 shares of NorthIsle Copper and Gold stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of C$2.64, for a total value of C$182,160.00. Following the sale, the insider owned 7,614,105 shares of the company’s stock, valued at approximately C$20,101,237.20. This trade represents a 0.90% decrease in their position. 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.