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

Canada Nickel Company Inc. (CVE:CNC) shares hit a new 52-week low during trading on Friday . The company traded as low as C$0.81 and last traded at C$0.82, with a volume of 124208 shares trading hands. The stock had previously closed at C$0.82.

Canada Nickel Stock Down 1.2 %

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’s 50 day moving average price is C$0.90 and its two-hundred day moving average price is C$0.99. The company has a market capitalization of C$146.78 million, a price-to-earnings ratio of -13.50 and a beta of 2.31.

Insider Activity

In other Canada Nickel news, Director David Smith acquired 50,000 shares of Canada Nickel stock in a transaction that occurred on Tuesday, January 28th. The shares were acquired 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 Canada Nickel stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of C$0.87, for a total transaction of C$107,876.52. 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.