Canada Nickel (CVE:CNC) Stock Price Down 1.4%

Canada Nickel Company Inc. (CVE:CNC) shares were down 1.4% during mid-day trading on Tuesday . The company traded as low as C$1.39 and last traded at C$1.43. Approximately 140,485 shares changed hands during trading, a decline of 56% from the average daily volume of 322,807 shares. The stock had previously closed at C$1.45.

Canada Nickel Stock Performance

The business’s fifty day simple moving average is C$1.44 and its 200-day simple moving average is C$1.30. The company has a debt-to-equity ratio of 10.00, a quick ratio of 1.20 and a current ratio of 1.17. The firm has a market capitalization of C$254.03 million, a PE ratio of -20.43 and a beta of 2.43.

Canada Nickel (CVE:CNC) last posted its earnings results on Thursday, March 21st. The company reported C($0.03) earnings per share for the quarter. As a group, equities research analysts expect that Canada Nickel Company Inc. will post -0.04 EPS for the current year.

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.