NorthIsle Copper and Gold (CVE:NCX) Shares Down 1% – Should You Sell?

NorthIsle Copper and Gold Inc. (CVE:NCX) shares fell 1% during trading on Thursday. The stock traded as low as C$3.02 and last traded at C$3.05. Approximately 178,165 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 635,562 shares. The stock had previously closed at C$3.08.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NCX. 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. Raymond James Financial set a C$7.00 target price on shares of NorthIsle Copper and Gold and gave the stock an “outperform” rating in a research note on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat, NorthIsle Copper and Gold presently has a consensus rating of “Buy” and an average target price of C$6.50.

NorthIsle Copper and Gold Stock Down 8.2%

The company has a market capitalization of C$933.08 million, a P/E ratio of -35.00 and a beta of 2.46. The company has a debt-to-equity ratio of 0.49, a current ratio of 28.85 and a quick ratio of 65.21. The company has a 50 day moving average of C$3.87 and a 200-day moving average of C$3.26.

Insider Buying and Selling at NorthIsle Copper and Gold

In other news, insider Nicholas Van Dyk sold 300,000 shares of NorthIsle Copper and Gold stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of C$4.49, for a total value of C$1,347,000.00. Following the sale, the insider directly owned 980,145 shares in the company, valued at approximately C$4,400,851.05. This trade represents a 23.43% decrease in their position. 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.