Canada Nickel (CVE:CNC) Sets New 12-Month Low – Here’s Why

Canada Nickel Company Inc. (CVE:CNCGet Free Report)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as C$0.88 and last traded at C$0.89, with a volume of 263110 shares changing hands. The stock had previously closed at C$0.91.

Canada Nickel Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.20 and a current ratio of 1.31. The company has a market cap of C$162.18 million, a P/E ratio of -14.92 and a beta of 2.31. The stock’s fifty day moving average price is C$0.96 and its two-hundred day moving average price is C$1.04.

Canada Nickel Company Profile

(Get Free Report)

Canada Nickel Company Inc, together with its subsidiaries, engages in the exploration, discovery, and development of nickel sulphide assets. It also develops zero-carbon production of nickel, cobalt, and iron. Its flagship project is the Crawford Nickel project located in northern Ontario, Canada. It serves electric vehicle, green energy, and stainless steel markets.

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