Stephen James Balch Sells 75,000 Shares of Canada Nickel (CVE:CNC) Stock

Canada Nickel Company Inc. (CVE:CNC) insider Stephen James Balch sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of C$1.45, for a total value of C$108,750.00. Following the sale, the insider owned 350,720 shares of the company’s stock, valued at approximately C$508,544. This represents a 17.62% decrease in their position.

Stephen James Balch also recently made the following trade(s):

• On Friday, September 11th, Stephen James Balch sold 39,456 shares of Canada Nickel stock. The shares were sold at an average price of C$1.42, for a total transaction of C$56,027.52.
• On Tuesday, August 4th, Stephen James Balch sold 77,541 shares of Canada Nickel stock. The shares were sold at an average price of C$1.65, for a total value of C$127,942.65.

Canada Nickel Stock Up 1.4%

CNC traded up C$0.02 during mid-day trading on Monday, reaching C$1.43. 279,769 shares of the stock were exchanged, compared to its average volume of 810,096. Canada Nickel Company Inc. has a 1 year low of C$0.81 and a 1 year high of C$2.59. The stock has a market capitalization of C$349.79 million, a PE ratio of -13.00 and a beta of 0.35. The company has a 50 day moving average price of C$1.47 and a two-hundred day moving average price of C$1.59. The company has a debt-to-equity ratio of 24.31, a quick ratio of 1.20 and a current ratio of 0.35.

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. The company was incorporated in 2019 and is headquartered in Toronto, Canada.