Shares of Canada Nickel Company Inc. (CVE:CNC – Get Free Report) fell 3% during mid-day trading on Friday . The stock traded as low as C$1.61 and last traded at C$1.62. 430,287 shares were traded during trading, a decline of 58% from the average session volume of 1,032,781 shares. The stock had previously closed at C$1.67.
Canada Nickel Stock Down 3.0%
The stock has a market cap of C$390.21 million, a price-to-earnings ratio of -12.46 and a beta of 0.56. The company has a quick ratio of 1.20, a current ratio of 0.40 and a debt-to-equity ratio of 17.51. The stock has a fifty day moving average of C$1.67 and a two-hundred day moving average of C$1.65.
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. The company was incorporated in 2019 and is headquartered in Toronto, Canada.
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