Insider Selling: Canada Nickel (CVE:CNC) Insider Sells C$108,750.00 in Stock

Canada Nickel Company Inc. (CVE:CNC) insider Stephen James Balch sold 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of C$1.45, for a total value of C$108,750.00. Following the transaction, the insider directly owned 350,720 shares of the company’s stock, valued at approximately C$508,544. The trade was a 17.62% decrease in their ownership of the stock.

Stephen James Balch also recently made the following trade(s):

• On Friday, September 11th, Stephen James Balch sold 39,456 shares of Canada Nickel stock. The shares were sold at an average price of C$1.42, for a total transaction of C$56,027.52.
• On Tuesday, August 4th, Stephen James Balch sold 77,541 shares of Canada Nickel stock. The shares were sold at an average price of C$1.65, for a total transaction of C$127,942.65.

Canada Nickel Price Performance

Shares of CVE CNC opened at C$1.37 on Thursday. The company has a debt-to-equity ratio of 24.31, a quick ratio of 1.20 and a current ratio of 0.35. The firm has a fifty day moving average of C$1.47 and a 200 day moving average of C$1.57. The firm has a market cap of C$335.11 million, a PE ratio of -12.45 and a beta of 0.35. Canada Nickel Company Inc. has a one year low of C$0.81 and a one year high of C$2.59.

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. The company was incorporated in 2019 and is headquartered in Toronto, Canada.