NorthIsle Copper and Gold (CVE:NCX) Stock Price Down 8.8% - Here's What Happened

Key Points

• Shares fell ~8.8% on Friday to C$3.07 (intraday low C$3.04) with ~1,736,223 shares traded, a 136% increase over average volume.
• Insider Samuel Lee sold 69,000 shares at C$2.64 on December 19, reducing his stake by 0.90%; company insiders now own 13.96% of the stock.
• NorthIsle is a junior resources company with a market cap of C$892.93M, a negative P/E of -76.50, and a debt-to-equity ratio of 1.50.

NorthIsle Copper and Gold Inc. (CVE:NCX - )'s stock price was down 8.8% on Friday . The stock traded as low as C$3.04 and last traded at C$3.07. Approximately 1,736,223 shares were traded during trading, an increase of 136% from the average daily volume of 735,537 shares. The stock had previously closed at C$3.37.

NorthIsle Copper and Gold Stock Down 9.1%

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 has a 50 day moving average of C$2.92 and a 200 day moving average of C$2.07. The firm has a market capitalization of C$892.93 million, a price-to-earnings ratio of -76.50 and a beta of 1.66.

Insider Transactions at NorthIsle Copper and Gold

In other NorthIsle Copper and Gold news, insider Samuel Lee sold 69,000 shares of the firm's stock in a transaction dated Friday, December 19th. The shares were sold at an average price of C$2.64, for a total transaction of C$182,160.00. Following the completion of the transaction, the insider owned 7,614,105 shares in the company, valued at C$20,101,237.20. This trade represents a 0.90% decrease in their ownership of the stock. 13.96% of the stock is owned by company insiders.

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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