Canada Nickel Company Inc. (CVE:CNC – Get Free Report)’s stock price dropped 1% during trading on Thursday . The stock traded as low as C$0.98 and last traded at C$0.99. Approximately 155,629 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 234,015 shares. The stock had previously closed at C$1.00.
Canada Nickel Price Performance
The company’s 50-day moving average price is C$1.07 and its two-hundred day moving average price is C$1.16. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.31 and a quick ratio of 1.20. The company has a market capitalization of C$179.40 million, a P/E ratio of -16.50 and a beta of 2.31.
About Canada Nickel
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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