An issue of NorthIsle Copper & Gold Inc (CVE:NCX) bonds fell 1.6% as a percentage of their face value during trading on Thursday. The high-yield debt issue has a 4.875% coupon and is set to mature on June 1, 2024. The bonds in the issue are now trading at $92.19 and were trading at $94.00 last week. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.
Shares of NCX remained flat at $C$0.10 during mid-day trading on Friday. 2,000 shares of the stock traded hands, compared to its average volume of 43,619. NorthIsle Copper & Gold Inc has a 12 month low of C$0.09 and a 12 month high of C$0.21.
About NorthIsle Copper & Gold (CVE:NCX)
NorthIsle Copper and Gold Inc, a junior resource company, engages in the exploration and development of mineral properties in Canada. The company explores for copper, gold, molybdenum, and rhenium deposits. Its principal property is the North Island project that consists of the Hushamu and Red Dog deposits, and five other partially explored copper-gold porphyry occurrences located on the Northern Vancouver Island, British Columbia.
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