Novacopper Inc. (NCQ): & Co. Inc. Paulson , 10% owner of Novacopper Inc. sold 107,900 shares on Jun 2, 2016. The Insider selling transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were sold at $0.46 per share for a total value of $49,450.57 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 1, 2016, & Co. Inc. Paulson (10% owner) sold 70,618 shares at $0.53 per share price.On Feb 29, 2016, Elaine Sanders (CFO) purchased 22,000 shares at $0.44 per share price.Also, On Dec 8, 2015, Resource Advisors Ltd. Notela (other) sold 5,011,200 shares at $0.40 per share price.On Dec 8, 2015, First Investments Ltd. Gold (other) sold 8,352,000 shares at $0.40 per share price.
Novacopper Inc: On Friday, Jun 3, 2016 heightened volatility was witnessed in Novacopper Inc which led to swings in the share price. The shares opened for trading at $0.45 and hit $0.525 on the upside , eventually ending the session at $0.495, with a gain of 7.89% or 0.0362 points. The heightened volatility saw the trading volume jump to 2,18,690 shares. The 52-week high of the share price is $0.858 and the company has a market cap of $52 M . The 52-week low of the share price is at $0.15.
NovaCopper Inc. is a Canada-based exploration-stage mining company. The Company is engaged in the exploration and development of mineral properties. The Company is focused on the development of Upper Kobuk Mineral Projects (UKMP Projects) which are located in the Ambler mining district in Northwest Alaska. Its UKMP Projects includes Arctic Project and the Bornite Project. The Arctic Project contains a polymetallic volcanogenic massive sulfide deposit. It is located 260 kilometers east of the town of Kotzebue 30 kilometers north of the village of Kobuk and 260 kilometers west of the Dalton Highway. The Bornite Project contains a carbonate-hosted copper deposit. It is located 248 kilometers east of the town of Kotzebue 19 kilometers north of the village of Kobuk and 275 kilometers west of the Dalton Highway. The Bornite Project is located on Ruby Creek on the northern edge of the Cosmos Hills.