Canada Nickel (CVE:CNC) Insider Stephen James Balch Sells 39,456 Shares of Stock

Canada Nickel Company Inc. (CVE:CNC) insider Stephen James Balch sold 39,456 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of C$1.42, for a total value of C$56,027.52. Following the transaction, the insider directly owned 311,264 shares of the company’s stock, valued at approximately C$441,994.88. This trade represents a 11.25% decrease in their ownership of the stock.

Stephen James Balch also recently made the following trade(s):

• On Wednesday, September 9th, Stephen James Balch sold 75,000 shares of Canada Nickel stock. The shares were sold at an average price of C$1.45, for a total value of C$108,750.00.
• On Tuesday, August 4th, Stephen James Balch sold 77,541 shares of Canada Nickel stock. The shares were sold at an average price of C$1.65, for a total value of C$127,942.65.

Canada Nickel Stock Up 1.4%

Shares of CVE CNC opened at C$1.43 on Tuesday. The company has a debt-to-equity ratio of 24.31, a current ratio of 0.35 and a quick ratio of 1.20. The stock has a market capitalization of C$349.79 million, a PE ratio of -13.00 and a beta of 0.35. Canada Nickel Company Inc. has a one year low of C$0.81 and a one year high of C$2.59. The business’s fifty day moving average price is C$1.47 and its 200-day moving average price is C$1.58.

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.