Canada Nickel Company Inc. (CVE:CNC – Get Free Report)’s share price shot up 27.4% during trading on Wednesday . The company traded as high as C$1.37 and last traded at C$1.35. 3,547,607 shares traded hands during mid-day trading, an increase of 798% from the average session volume of 395,254 shares. The stock had previously closed at C$1.06.
Canada Nickel Trading Up 7.4%
The stock has a market cap of C$312.56 million, a P/E ratio of -14.50 and a beta of -0.82. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.20 and a current ratio of 0.64. The firm’s fifty day simple moving average is C$1.01 and its 200-day simple moving average is C$0.92.
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.
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