Canada Nickel (CVE:CNC) Reaches New 1-Year Low – What’s Next?

Canada Nickel Company Inc. (CVE:CNC)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as C$0.94 and last traded at C$0.96, with a volume of 638857 shares trading hands. The stock had previously closed at C$0.97.

Canada Nickel Stock Down 1.0 %

The stock’s fifty day moving average is C$1.04 and its two-hundred day moving average is C$1.13. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.13. The firm has a market cap of C$173.96 million, a P/E ratio of -16.17 and a beta of 2.31.

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.