Insider Selling: Canada Nickel (CVE:CNC) Insider Sells C$127,942.65 in Stock

Canada Nickel Company Inc. (CVE:CNC) insider Stephen James Balch sold 77,541 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of C$1.65, for a total transaction of C$127,942.65. Following the transaction, the insider directly owned 64,816 shares in the company, valued at C$106,946.40. The trade was a 54.47% decrease in their position.

Canada Nickel Price Performance

CNC stock opened at C$1.66 on Friday. The stock’s fifty day simple moving average is C$1.46 and its 200-day simple moving average is C$1.69. Canada Nickel Company Inc. has a 52-week low of C$0.77 and a 52-week high of C$2.59. The stock has a market capitalization of C$406.05 million, a price-to-earnings ratio of -15.09 and a beta of 0.51. The company has a quick ratio of 1.20, a current ratio of 0.35 and a debt-to-equity ratio of 24.31.

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.