Samuel Lee, an insider at NorthIsle Copper and Gold Inc. (CVE:NCX), sold 51,700 shares of the company on December 22. The shares were sold at an average price of C$2.58, bringing the total value of the transaction to C$133,386. After this sale, Lee’s stake in the company decreased by 0.67%, leaving him with 7,614,105 shares, currently valued at approximately C$19,644,390.90.
On Friday, shares of NorthIsle Copper and Gold experienced a slight increase, rising by C$0.05 to reach C$3.40 during midday trading. The trading volume for the day was 418,702 shares, which is lower than the average volume of 680,719. Over the past fifty days, the company’s moving average price stands at C$2.52, while the two-hundred day moving average is C$1.79.
Company Overview and Financial Performance
NorthIsle Copper and Gold Inc., a junior resources company based in Vancouver, Canada, focuses on the exploration, development, and acquisition of mineral resource properties. The company primarily seeks deposits of copper, gold, molybdenum, and rhenium. Its key asset, the North Island project, spans approximately 34,000 hectares on Northern Vancouver Island, British Columbia.
As of the latest financial data, NorthIsle Copper and Gold boasts a market capitalization of C$992.14 million. The company has reported a price-to-earnings ratio of -85.00, with a beta of 1.69. Financial metrics indicate a current ratio of 2.03, a quick ratio of 65.21, and a debt-to-equity ratio of 1.50. Over the past year, the company’s stock has seen a low of C$0.40 and a high of C$3.52.
These recent trading activities and financial indicators reflect ongoing interest in NorthIsle Copper and Gold as it continues to navigate the competitive landscape of the mineral resources sector.
