Shares of Canada Nickel Company Inc. (CVE:CNC – Get Free Report) traded down 15.2% during trading on Monday . The stock traded as low as C$1.41 and last traded at C$1.43. 2,798,452 shares changed hands during trading, an increase of 502% from the average session volume of 464,757 shares. The stock had previously closed at C$1.68.
Canada Nickel Trading Down 13.1%
The business has a fifty day moving average price of C$1.05 and a 200-day moving average price of C$0.93. The company has a quick ratio of 1.20, a current ratio of 0.64 and a debt-to-equity ratio of 10.24. The company has a market cap of C$314.72 million, a P/E ratio of -14.60 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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