Canada Nickel (CVE:CNC) Stock Price Down 2.6%

Shares of Canada Nickel Company Inc. (CVE:CNC) fell 2.6% during mid-day trading on Friday . The company traded as low as C$1.13 and last traded at C$1.14. 171,324 shares were traded during mid-day trading, a decline of 36% from the average session volume of 265,879 shares. The stock had previously closed at C$1.17.

Canada Nickel Stock Down 2.6 %

The company has a current ratio of 1.17, a quick ratio of 1.20 and a debt-to-equity ratio of 10.00. The stock’s 50-day simple moving average is C$1.32 and its 200-day simple moving average is C$1.40. The firm has a market capitalization of C$206.55 million, a P/E ratio of -16.29 and a beta of 2.42.

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.