On December 22, 2023, insider Samuel Lee sold 51,700 shares of NorthIsle Copper and Gold Inc. (CVE:NCX) for a total of C$133,386. The shares were sold at an average price of C$2.58 each. Following this transaction, Lee retains 7,614,105 shares, valued at approximately C$19,644,390.90, marking a 0.67% decrease in his ownership stake.
Shares of NorthIsle Copper and Gold saw an uptick, trading at C$3.40 on Friday, with an increase of C$0.05 during midday trading. A total of 418,702 shares changed hands, which is notably lower than the company’s average trading volume of 680,719.
Market Performance and Financial Metrics
NorthIsle Copper and Gold has a market capitalization of C$992.14 million. The company’s price-to-earnings ratio is currently -85.00, indicating a lack of profitability at this time, while its beta stands at 1.69, suggesting higher volatility compared to the market average. The company’s current ratio is 2.03, and its quick ratio is remarkably high at 65.21. The debt-to-equity ratio is at 1.50, reflecting its financial leverage.
Over the past year, NorthIsle Copper and Gold has seen a low of C$0.40 and a high of C$3.52, indicating significant fluctuations in its stock price.
Company Overview
NorthIsle Copper and Gold Inc. is a junior resources company focused on the exploration, development, and acquisition of mineral resource properties in Canada. The firm’s primary asset is the North Island project, which spans approximately 34,000 hectares located on Northern Vancouver Island, British Columbia. Established in 2011, the company is headquartered in Vancouver.
As NorthIsle continues to navigate the volatile market landscape, investors and analysts will be closely monitoring its future developments and financial performance.
