Canada Nickel Company Inc. (CVE:CNC – Get Free Report) shares shot up 13.9% during trading on Thursday . The company traded as high as C$1.63 and last traded at C$1.56. 825,619 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 839,121 shares. The stock had previously closed at C$1.37.
Canada Nickel Price Performance
The company has a market cap of C$374.25 million, a P/E ratio of -13.91 and a beta of 0.51. The company’s 50-day moving average price is C$1.46 and its 200-day moving average price is C$1.71. The company has a debt-to-equity ratio of 24.31, a current ratio of 0.35 and a quick ratio of 1.20.
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. The company was incorporated in 2019 and is headquartered in Toronto, Canada.
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