Canada Nickel Company Inc. (CVE:CNC – Get Free Report)’s stock price was down 0.7% on Wednesday . The company traded as low as C$1.34 and last traded at C$1.37. 509,804 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 841,201 shares. The stock had previously closed at C$1.38.
Canada Nickel Stock Down 0.7%
The company has a current ratio of 0.35, a quick ratio of 1.20 and a debt-to-equity ratio of 24.31. The company has a market capitalization of C$335.11 million, a price-to-earnings ratio of -12.45 and a beta of 0.51. The firm’s 50 day simple moving average is C$1.47 and its 200-day simple moving average is C$1.71.
Canada Nickel Company Profile
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.
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