Canada Nickel (CVE:CNC) Reaches New 12-Month High – Time to Buy?

Canada Nickel Company Inc. (CVE:CNCGet Free Report)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as C$2.30 and last traded at C$2.27, with a volume of 1387356 shares traded. The stock had previously closed at C$2.15.

Canada Nickel Stock Performance

The firm has a market capitalization of C$513.14 million, a price-to-earnings ratio of -22.50 and a beta of -0.10. The company has a debt-to-equity ratio of 10.24, a current ratio of 0.64 and a quick ratio of 1.20. The firm has a 50 day moving average price of C$1.36 and a 200-day moving average price of C$1.07.

About Canada Nickel

(Get Free Report)

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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