NorthIsle Copper and Gold Inc. insider Samuel Lee sold 51,700 shares of the company’s stock in a transaction on December 22, 2023, totaling C$133,386. The shares were sold at an average price of C$2.58 each, resulting in a decrease in Lee’s ownership of the stock by 0.67%. Following this sale, Lee retains 7,614,105 shares with a market value of approximately C$19,644,390.90.
Trading activity for NorthIsle Copper and Gold has shown notable fluctuations. On the following Friday, shares traded up by C$0.05, reaching a midday price of C$3.40. During this session, 418,702 shares changed hands, compared to the company’s average trading volume of 680,719 shares. The stock has a market capitalization of approximately C$992.14 million.
Price Trends and Financial Metrics
The stock’s performance has been influenced by various financial metrics. The fifty-day moving average price stands at C$2.52, while the two-hundred-day moving average price is notably lower at C$1.79. NorthIsle Copper and Gold has a price-to-earnings ratio of -85.00 and a beta of 1.69, indicating a relatively high level of volatility compared to the market.
The company’s liquidity is characterized by a current ratio of 2.03 and a quick ratio of 65.21, which suggests a strong position to cover short-term liabilities. The debt-to-equity ratio is reported at 1.50, highlighting the company’s reliance on debt financing. Over the past year, the stock has experienced a low of C$0.40 and a high of C$3.52.
About NorthIsle Copper and Gold Inc.
Founded in 2011 and headquartered in Vancouver, Canada, NorthIsle Copper and Gold Inc. is a junior resources company focused on the exploration, development, and acquisition of mineral resource properties within Canada. The company primarily explores for deposits of copper, gold, molybdenum, and rhenium. Its principal asset is the North Island project, which spans approximately 34,000 hectares located on Northern Vancouver Island, British Columbia.
As the company continues its exploration efforts, stakeholders will be closely watching both insider transactions and stock performance to gauge future prospects.
