Canada Nickel (CVE:CNC) Hits New 52-Week Low – What’s Next?

Canada Nickel Company Inc. (CVE:CNC) shares reached a new 52-week low during trading on Thursday . The stock traded as low as C$0.76 and last traded at C$0.77, with a volume of 66949 shares changing hands. The stock had previously closed at C$0.78.

Canada Nickel Stock Up 1.3 %

The stock has a market capitalization of C$142.88 million, a P/E ratio of -16.09 and a beta of 2.31. The company has a fifty day moving average price of C$0.87 and a 200-day moving average price of C$0.98. The company has a quick ratio of 1.20, a current ratio of 0.64 and a debt-to-equity ratio of 10.24.

Insider Activity

In other Canada Nickel news, Director David Smith purchased 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was purchased at an average cost of C$0.84 per share, with a total value of C$42,055.00. Also, Senior Officer Stephen James Balch sold 123,996 shares of the firm’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of C$0.87, for a total value of C$107,876.52. Corporate insiders own 14.82% of the company’s stock.

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.