Canada Nickel (CVE:CNC) Shares Up 1.1% – Still a Buy?

Shares of Canada Nickel Company Inc. (CVE:CNCGet Free Report) traded up 1.1% during trading on Friday . The company traded as high as C$0.95 and last traded at C$0.93. 135,520 shares changed hands during trading, a decline of 22% from the average session volume of 174,458 shares. The stock had previously closed at C$0.92.

Canada Nickel Stock Up 1.1 %

The firm has a market cap of C$168.53 million, a price-to-earnings ratio of -15.50 and a beta of 2.31. The stock’s 50 day moving average is C$0.97 and its 200 day moving average is C$1.05. The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 0.13.

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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