Shares of Canada Nickel Company Inc. (CVE:CNC – Get Free Report) dropped 1.4% during mid-day trading on Tuesday . The stock traded as low as C$1.40 and last traded at C$1.41. Approximately 147,797 shares changed hands during trading, a decline of 57% from the average daily volume of 341,525 shares. The stock had previously closed at C$1.43.
Canada Nickel Stock Down 1.4 %
The firm has a fifty day moving average price of C$1.46 and a 200-day moving average price of C$1.27. The company has a quick ratio of 1.20, a current ratio of 1.17 and a debt-to-equity ratio of 9.94. The firm has a market cap of C$254.03 million, a price-to-earnings ratio of -20.14 and a beta of 2.48.
Canada Nickel Company Profile
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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