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

Canada Nickel Company Inc. (CVE:CNCGet Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.83 and last traded at C$0.82, with a volume of 139825 shares traded. The stock had previously closed at C$0.85.

Canada Nickel Trading Up 2.4 %

The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average price is C$0.92 and its 200-day moving average price is C$1.01. The stock has a market capitalization of C$152.22 million, a PE ratio of -14.00 and a beta of 2.31.

Insiders Place Their Bets

In other Canada Nickel news, Senior Officer Stephen James Balch sold 123,996 shares of the stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of C$0.87, for a total transaction of C$107,876.52. 14.82% of the stock is currently owned by company insiders.

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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