Nicholas Van Dyk Sells 300,000 Shares of NorthIsle Copper and Gold (CVE:NCX) Stock

NorthIsle Copper and Gold Inc. (CVE:NCX) insider Nicholas Van Dyk sold 300,000 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of C$4.49, for a total transaction of C$1,347,000.00. Following the sale, the insider owned 980,145 shares of the company’s stock, valued at C$4,400,851.05. This trade represents a 23.43% decrease in their position.

NorthIsle Copper and Gold Stock Performance

NCX stock traded down C$0.11 during mid-day trading on Friday, hitting C$4.34. The company had a trading volume of 816,925 shares, compared to its average volume of 623,503. 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 market cap of C$1.45 billion, a PE ratio of -54.25 and a beta of 1.75. NorthIsle Copper and Gold Inc. has a 12 month low of C$1.30 and a 12 month high of C$4.74. The stock’s fifty day moving average price is C$3.56 and its two-hundred day moving average price is C$3.17.

Wall Street Analyst Weigh In

NCX has been the topic of a number of research reports. Canadian Imperial Bank of Commerce set a C$7.00 price target on shares of NorthIsle Copper and Gold and gave the stock an “outperform” rating in a report on Friday, August 21st. Ventum Financial raised NorthIsle Copper and Gold to a “strong-buy” rating in a report on Thursday, May 28th. Finally, Ventum Capital set a C$5.50 target price on NorthIsle Copper and Gold and gave the stock a “buy” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$6.25.

About NorthIsle Copper and Gold

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.