Canada Nickel Company Inc. (CVE:CNC – Get Free Report) was down 15.2% during trading on Monday . The stock traded as low as C$1.41 and last traded at C$1.43. Approximately 2,798,452 shares changed hands during mid-day trading, an increase of 502% from the average daily volume of 464,757 shares. The stock had previously closed at C$1.68.
Canada Nickel Trading Down 4.3%
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 business has a 50-day simple moving average of C$1.07 and a two-hundred day simple moving average of C$0.94. The stock has a market cap of C$291.01 million, a price-to-earnings ratio of -13.50 and a beta of -0.82.
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.
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