Canada Nickel Company Inc. (CVE:CNC – Get Free Report) dropped 14.9% during trading on Monday . The company traded as low as C$1.42 and last traded at C$1.43. Approximately 2,451,677 shares were traded during trading, an increase of 429% from the average daily volume of 463,329 shares. The stock had previously closed at C$1.68.
Canada Nickel Trading Down 13.1%
The stock has a market capitalization of C$314.72 million, a P/E ratio of -14.60 and a beta of -0.82. The stock’s fifty day moving average price is C$1.05 and its two-hundred day moving average price is C$0.93. The company has a current ratio of 0.64, a quick ratio of 1.20 and a debt-to-equity ratio of 10.24.
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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