Canada Nickel Company Inc. (CVE:CNC – Get Free Report) shot up 27.4% on Wednesday . The stock traded as high as C$1.37 and last traded at C$1.35. 3,547,607 shares were traded during mid-day trading, an increase of 798% from the average session volume of 395,254 shares. The stock had previously closed at C$1.06.
Canada Nickel Stock Performance
The firm has a fifty day moving average price of C$1.03 and a two-hundred day moving average price of C$0.93. 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 stock has a market capitalization of C$362.14 million, a PE ratio of -16.80 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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