NorthIsle Copper and Gold (CVE:NCX) Reaches New 52-Week High - Should You Buy?

Key Points

• NorthIsle Copper and Gold (CVE:NCX) hit a new 52-week high, trading up 14.2% to C$2.85 on Monday with ~233,674 shares changing hands (previous close C$2.61).
• The company has a market cap of ~C$869.6 million, a negative P/E of -74.5 and a debt-to-equity ratio of 1.50, and the stock is trading above its 50-day (C$2.10) and 200-day (C$1.59) moving averages.
• NorthIsle is a junior resources company developing the roughly 34,000-hectare North Island copper–gold project on northern Vancouver Island and also explores molybdenum and rhenium.

NorthIsle Copper and Gold Inc. (CVE:NCX - ) hit a new 52-week high during trading on Monday . The company traded as high as C$2.85 and last traded at C$2.85, with a volume of 233674 shares trading hands. The stock had previously closed at C$2.61.

NorthIsle Copper and Gold Trading Up 14.2%

The company has a market cap of C$869.58 million, a price-to-earnings ratio of -74.50 and a beta of 1.69. The company has a debt-to-equity ratio of 1.50, a current ratio of 2.03 and a quick ratio of 65.21. The business's 50-day simple moving average is C$2.10 and its 200-day simple moving average is C$1.59.

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.

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