Canada Nickel (CVE:CNC) Reaches New 52-Week High – What’s Next?

Canada Nickel Company Inc. (CVE:CNC) shares reached a new 52-week high during trading on Thursday . The company traded as high as C$2.30 and last traded at C$2.27, with a volume of 1387356 shares changing hands. The stock had previously closed at C$2.15.

Canada Nickel Price Performance

The stock has a market capitalization of C$513.14 million, a price-to-earnings ratio of -22.50 and a beta of -0.10. The company has a quick ratio of 1.20, a current ratio of 0.64 and a debt-to-equity ratio of 10.24. The stock has a fifty day moving average of C$1.36 and a 200-day moving average of C$1.07.

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. The company was incorporated in 2019 and is headquartered in Toronto, Canada.