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NorthIsle Copper and Gold (CVE:NCX) Shares Up 7% - Here's Why

NorthIsle Copper and Gold logo with Basic Materials background

Shares of NorthIsle Copper and Gold Inc. (CVE:NCX - Get Free Report) shot up 7% during mid-day trading on Wednesday . The stock traded as high as C$0.62 and last traded at C$0.61. 1,104,157 shares changed hands during mid-day trading, an increase of 760% from the average session volume of 128,383 shares. The stock had previously closed at C$0.57.

NorthIsle Copper and Gold Stock Down 1.6 %

The stock has a 50-day moving average of C$0.46 and a 200 day moving average of C$0.46. The company has a quick ratio of 65.21, a current ratio of 2.03 and a debt-to-equity ratio of 1.50. The company has a market capitalization of C$159.47 million, a PE ratio of -16.22 and a beta of 2.20.

NorthIsle Copper and Gold Company Profile

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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.

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