Stephen James Balch Sells 77,541 Shares of Canada Nickel (CVE:CNC) Stock

Canada Nickel Company Inc. (CVE:CNC) insider Stephen James Balch sold 77,541 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of C$1.65, for a total value of C$127,942.65. Following the transaction, the insider directly owned 64,816 shares in the company, valued at C$106,946.40. The trade was a 54.47% decrease in their ownership of the stock.

Canada Nickel Price Performance

Shares of CNC opened at C$1.66 on Friday. Canada Nickel Company Inc. has a 12-month low of C$0.77 and a 12-month high of C$2.59. The business’s fifty day moving average is C$1.46 and its 200 day moving average is C$1.69. The company has a quick ratio of 1.20, a current ratio of 0.35 and a debt-to-equity ratio of 24.31. The stock has a market cap of C$406.05 million, a P/E ratio of -15.09 and a beta of 0.51.

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