NorthIsle Copper and Gold (CVE:NCX) Shares Down 1.7% - Here's Why

Key Points

• NorthIsle Copper and Gold Inc. shares fell by 1.7%, trading as low as C$1.12, with a total of approximately 178,868 shares exchanged during the day.
• The company's stock has a market cap of C$290.65 million and a negative price-to-earnings ratio of -29.56, indicating potential financial challenges.
• NorthIsle focuses on the exploration and acquisition of mineral resources, primarily for copper, gold, molybdenum, and rhenium deposits, with its main project located on Northern Vancouver Island, British Columbia.

NorthIsle Copper and Gold Inc. (CVE:NCX - )'s stock price dropped 1.7% during mid-day trading on Tuesday . The company traded as low as C$1.12 and last traded at C$1.13. Approximately 178,868 shares traded hands during trading, a decline of 38% from the average daily volume of 289,562 shares. The stock had previously closed at C$1.15.

NorthIsle Copper and Gold Stock Performance

The stock's 50-day simple moving average is C$1.20 and its 200-day simple moving average is C$0.88. The company has a current ratio of 2.03, a quick ratio of 65.21 and a debt-to-equity ratio of 1.50. The stock has a market cap of C$290.65 million, a price-to-earnings ratio of -29.56 and a beta of 2.20.

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.

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