Canada Nickel Company Inc. (CVE:CNC – Get Free Report) traded up 13.9% on Thursday . The company traded as high as C$1.63 and last traded at C$1.56. 825,619 shares traded hands during trading, a decline of 2% from the average daily volume of 839,121 shares. The stock had previously closed at C$1.37.
Canada Nickel Stock Performance
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 business has a 50-day moving average price of C$1.47 and a 200 day moving average price of C$1.71. The stock has a market capitalization of C$386.48 million, a P/E ratio of -14.36 and a beta of 0.51.
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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