Canada Nickel (CVE:CNC) Stock Price Down 4.7% – Here’s What Happened

Canada Nickel Company Inc. (CVE:CNCGet Free Report) fell 4.7% on Tuesday . The company traded as low as C$1.01 and last traded at C$1.02. 566,230 shares were traded during mid-day trading, an increase of 49% from the average session volume of 381,002 shares. The stock had previously closed at C$1.07.

Canada Nickel Stock Down 4.7%

The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.20 and a current ratio of 0.64. The firm has a market capitalization of C$219.87 million, a P/E ratio of -10.20 and a beta of -0.82. The stock has a fifty day moving average price of C$0.98 and a two-hundred day moving average price of C$0.92.

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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