Canada Nickel (CVE:CNC) Shares Down 3.9% – Here’s What Happened

Shares of Canada Nickel Company Inc. (CVE:CNC) fell 3.9% on Friday . The company traded as low as C$1.10 and last traded at C$1.10. 261,677 shares were traded during mid-day trading, a decline of 9% from the average session volume of 286,514 shares. The stock had previously closed at C$1.15.

Canada Nickel Stock Performance

The company has a market cap of C$196.23 million, a price-to-earnings ratio of -22.10 and a beta of 2.31. The stock’s fifty day simple moving average is C$0.85 and its 200 day simple moving average is C$0.96. The company has a current ratio of 0.64, a quick ratio of 1.20 and a debt-to-equity ratio of 10.24.

Insider Activity at Canada Nickel

In other Canada Nickel news, Senior Officer Stephen James Balch sold 123,996 shares of the company’s stock in a transaction on Thursday, January 9th. The stock was sold at an average price of C$0.87, for a total transaction of C$107,876.52. Also, Director David Smith bought 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were purchased at an average cost of C$0.84 per share, for a total transaction of C$42,055.00. 14.82% of the stock is currently owned by insiders.

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.