Canada Nickel Company Inc. (CVE:CNC – Get Free Report) shares were up 27.4% on Tuesday . The company traded as high as C$1.37 and last traded at C$1.35. Approximately 3,547,507 shares changed hands during mid-day trading, an increase of 798% from the average daily volume of 395,253 shares. The stock had previously closed at C$1.06.
Canada Nickel Stock Up 27.4%
The business has a 50-day moving average price of C$1.00 and a 200-day moving average price of C$0.92. The firm has a market capitalization of C$291.01 million, a PE ratio of -13.50 and a beta of -0.82. The company has a quick ratio of 1.20, a current ratio of 0.64 and a debt-to-equity ratio of 10.24.
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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