Canada Nickel (CVE:CNC) Insider Stephen James Balch Sells 77,541 Shares

Canada Nickel Company Inc. (CVE:CNC) insider Stephen James Balch sold 77,541 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of C$1.65, for a total transaction of C$127,942.65. Following the sale, the insider directly owned 64,816 shares of the company’s stock, valued at C$106,946.40. The trade was a 54.47% decrease in their position.

Canada Nickel Price Performance

Shares of CVE:CNC opened at C$1.60 on Friday. The company has a quick ratio of 1.20, a current ratio of 0.35 and a debt-to-equity ratio of 24.31. The stock has a market capitalization of C$391.37 million, a PE ratio of -14.55 and a beta of 0.51. The firm’s 50 day moving average price is C$1.46 and its 200-day moving average price is C$1.69. Canada Nickel Company Inc. has a twelve month low of C$0.77 and a twelve month high of C$2.59.

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.