Canada Nickel (CVE:CNC) Trading 27.4% Higher – Here’s Why

Canada Nickel Company Inc. (CVE:CNCGet Free Report) shares were up 27.4% on Wednesday . The company traded as high as C$1.37 and last traded at C$1.35. Approximately 3,547,607 shares changed hands during mid-day trading, an increase of 798% from the average daily volume of 395,254 shares. The stock had previously closed at C$1.06.

Canada Nickel Trading Up 1.3%

The stock’s 50 day simple moving average is C$1.03 and its two-hundred day simple moving average is C$0.93. The stock has a market capitalization of C$336.28 million, a PE ratio of -15.60 and a beta of -0.82. The company has a debt-to-equity ratio of 10.24, a current ratio of 0.64 and a quick ratio of 1.20.

About Canada Nickel

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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.

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