NorthIsle Copper and Gold (CVE:NCX) Insider Nicholas Van Dyk Sells 300,000 Shares

NorthIsle Copper and Gold Inc. (CVE:NCX) insider Nicholas Van Dyk sold 300,000 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of C$4.49, for a total value of C$1,347,000.00. Following the completion of the sale, the insider owned 980,145 shares in the company, valued at C$4,400,851.05. This trade represents a 23.43% decrease in their position.

NorthIsle Copper and Gold Trading Down 2.5%

CVE NCX traded down C$0.11 during mid-day trading on Friday, reaching C$4.34. 816,925 shares of the stock were exchanged, compared to its average volume of 623,503. The stock has a market cap of C$1.45 billion, a P/E ratio of -54.25 and a beta of 1.75. The company has a debt-to-equity ratio of 0.49, a current ratio of 28.85 and a quick ratio of 65.21. NorthIsle Copper and Gold Inc. has a one year low of C$1.30 and a one year high of C$4.74. The stock has a 50 day simple moving average of C$3.56 and a 200-day simple moving average of C$3.17.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NCX shares. Canadian Imperial Bank of Commerce set a C$7.00 price objective on shares of NorthIsle Copper and Gold and gave the stock an “outperform” rating in a report on Friday, August 21st. Ventum Capital set a C$5.50 price objective on shares of NorthIsle Copper and Gold and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Ventum Financial raised shares of NorthIsle Copper and Gold to a “strong-buy” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$6.25.

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.