Canada Nickel (CVE:CNC) Shares Up 27.4% – Still a Buy?

Canada Nickel Company Inc. (CVE:CNCGet Free Report)’s share price was up 27.4% during trading on Tuesday . The company traded as high as C$1.37 and last traded at C$1.35. Approximately 3,547,607 shares were traded during mid-day trading, an increase of 798% from the average daily volume of 395,254 shares. The stock had previously closed at C$1.06.

Canada Nickel Stock Up 27.4%

The company has a 50-day moving average of C$1.01 and a two-hundred day moving average of 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 capitalization of C$291.01 million, a PE ratio of -13.50 and a beta of -0.82.

Canada Nickel Company Profile

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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.

Further Reading

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