Canada Nickel (CVE:CNC) Reaches New 12-Month Low – Here’s Why

Shares of Canada Nickel Company Inc. (CVE:CNC) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$0.79 and last traded at C$0.79, with a volume of 166881 shares trading hands. The stock had previously closed at C$0.81.

Canada Nickel Price Performance

The firm has a 50-day moving average of C$0.88 and a 200-day moving average of C$0.98. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.20 and a current ratio of 0.64. The firm has a market capitalization of C$142.88 million, a P/E ratio of -16.09 and a beta of 2.31.

Insider Buying and Selling at Canada Nickel

In other Canada Nickel news, Director David Smith bought 50,000 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was acquired at an average price of C$0.84 per share, with a total value of C$42,055.00. Also, Senior Officer Stephen James Balch sold 123,996 shares of the company’s stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of C$0.87, for a total transaction of C$107,876.52. Company insiders own 14.82% of the company’s stock.

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.