Canada Nickel (CVE:CNC) Reaches New 12-Month High – Here’s Why

Shares of Canada Nickel Company Inc. (CVE:CNCGet Free Report) reached a new 52-week high during trading on Friday . The company traded as high as C$1.77 and last traded at C$1.76, with a volume of 1836907 shares trading hands. The stock had previously closed at C$1.57.

Canada Nickel Stock Up 12.1%

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 firm has a market capitalization of C$401.39 million, a PE ratio of -17.60 and a beta of -0.10. The business has a 50-day moving average price of C$1.30 and a 200-day moving average price of C$1.05.

About Canada Nickel

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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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