Canada Nickel (CVE:CNC) Trading Down 9.8% – Here’s What Happened

Canada Nickel Company Inc. (CVE:CNCGet Free Report)’s stock price was down 9.8% on Monday . The stock traded as low as C$1.52 and last traded at C$1.52. Approximately 1,810,859 shares were traded during trading, an increase of 293% from the average daily volume of 460,299 shares. The stock had previously closed at C$1.68.

Canada Nickel Price Performance

The stock has a market capitalization of C$291.01 million, a price-to-earnings ratio of -13.50 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 company has a fifty day simple moving average of C$1.07 and a 200 day simple moving average of C$0.94.

Canada Nickel Company Profile

(Get Free Report)

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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