Canada Nickel Company Inc. (CVE:CNC – Get Free Report) shares fell 5.6% during trading on Thursday . The company traded as low as C$1.80 and last traded at C$1.84. 1,339,258 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 2,186,116 shares. The stock had previously closed at C$1.95.
Canada Nickel Trading Down 5.6%
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 business has a fifty day moving average of C$1.64 and a 200-day moving average of C$1.21. The stock has a market capitalization of C$419.63 million, a price-to-earnings ratio of -18.40 and a beta of 0.55.
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.
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