Canada Nickel Company Inc. (CVE:CNC – Get Free Report)’s stock price rose 1.4% on Friday . The company traded as high as C$1.51 and last traded at C$1.50. Approximately 272,260 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 978,579 shares. The stock had previously closed at C$1.48.
Canada Nickel Trading Up 1.4%
The business’s 50-day moving average price is C$1.67 and its two-hundred day moving average price is C$1.68. The company has a debt-to-equity ratio of 17.51, a current ratio of 0.40 and a quick ratio of 1.20. The firm has a market cap of C$361.30 million, a price-to-earnings ratio of -11.54 and a beta of 0.42.
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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