Canada Nickel (CVE:CNC) Trading 1.4% Higher – Should You Buy?

Shares of Canada Nickel Company Inc. (CVE:CNC) traded up 1.4% on Friday . The stock traded as high as C$1.51 and last traded at C$1.50. 272,260 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 978,579 shares. The stock had previously closed at C$1.48.

Canada Nickel Stock Up 1.4%

The company has a 50 day moving average price of C$1.67 and a two-hundred day moving average price of C$1.68. The company has a debt-to-equity ratio of 17.51, a current ratio of 0.40 and a quick ratio of 1.20. The stock has a market cap of C$361.30 million, a PE ratio of -11.54 and a beta of 0.42.

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.