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

Key Points

• NorthIsle Copper and Gold shares fell 1% to C$3.05 in mid-day trading, with volume down 72% from the average session.
• Analysts remain bullish, with a consensus “Buy” rating and a C$6.50 target price, more than double the recent trading level.
• Insider Nicholas Van Dyk sold 300,000 shares for C$1.35 million, reducing his position by 23.43%; insiders collectively own 13.96% of the company.

Shares of NorthIsle Copper and Gold Inc. (CVE:NCX - Get Free Report) fell 1% during mid-day 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 session volume of 635,562 shares. The stock had previously closed at C$3.08.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Raymond James Financial set a C$7.00 price target on NorthIsle Copper and Gold and gave the stock an "outperform" rating in a report on Thursday, September 17th. 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 report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of C$6.50.

NorthIsle Copper and Gold Trading Down 1.0%

The company has a debt-to-equity ratio of 0.49, a quick ratio of 65.21 and a current ratio of 28.85. The firm has a fifty day moving average price of C$3.89 and a 200 day moving average price of C$3.26. The company has a market cap of C$1.02 billion, a price-to-earnings ratio of -38.12 and a beta of 2.46.

Insiders Place Their Bets

In other news, insider Nicholas Van Dyk sold 300,000 shares of the company's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of C$4.49, for a total transaction of C$1,347,000.00. Following the completion of the sale, the insider owned 980,145 shares of the company's stock, valued at approximately C$4,400,851.05. This represents a 23.43% decrease in their position. 13.96% of the stock is owned by corporate 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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