NorthIsle Copper and Gold (CVE:NCX) Hits New 12-Month High – What’s Next?

NorthIsle Copper and Gold Inc. (CVE:NCX) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$4.08 and last traded at C$3.97, with a volume of 111450 shares trading hands. The stock had previously closed at C$3.99.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Ventum Financial raised NorthIsle Copper and Gold to a “strong-buy” rating in a research report on Thursday, May 28th. Ventum Capital set a C$5.50 price objective on NorthIsle Copper and Gold and gave the stock a “buy” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, NorthIsle Copper and Gold has an average rating of “Strong Buy” and a consensus target price of C$5.50.

NorthIsle Copper and Gold Stock Down 0.8%

The company has a market capitalization of C$1.31 billion, a PE ratio of -56.57 and a beta of 1.69. The company has a debt-to-equity ratio of 0.27, a quick ratio of 65.21 and a current ratio of 53.53. The stock’s 50 day moving average is C$3.05 and its 200 day moving average is C$3.01.

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.