Canada Nickel (CVE:CNC) Shares Down 3.9% – Here’s What Happened

Canada Nickel Company Inc. (CVE:CNC)’s share price fell 3.9% on Friday . The stock traded as low as C$1.10 and last traded at C$1.10. 261,677 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 286,514 shares. The stock had previously closed at C$1.15.

Canada Nickel Price Performance

The company has a current ratio of 0.64, a quick ratio of 1.20 and a debt-to-equity ratio of 10.24. The company has a market cap of C$198.95 million, a PE ratio of -22.40 and a beta of 2.31. The firm has a 50 day moving average of C$0.86 and a two-hundred day moving average of C$0.96.

Insider Buying and Selling

In related news, Senior Officer Stephen James Balch sold 123,996 shares of the company’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. Also, Director David Smith acquired 50,000 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was acquired at an average cost of C$0.84 per share, for a total transaction of C$42,055.00. 14.82% of the stock is currently owned by company insiders.

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.