Canada Nickel Company Inc. (CVE:CNC – Get Free Report)’s share price rose 27.4% during trading on Tuesday . The company traded as high as C$1.37 and last traded at C$1.35. Approximately 3,405,685 shares changed hands during mid-day trading, an increase of 770% from the average daily volume of 391,530 shares. The stock had previously closed at C$1.06.
Canada Nickel Price Performance
The stock’s 50-day moving average is C$1.00 and its 200 day moving average is C$0.92. The company has a debt-to-equity ratio of 10.24, a current ratio of 0.64 and a quick ratio of 1.20. The company has a market cap of C$291.01 million, a PE ratio of -13.50 and a beta of -0.82.
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.
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