Canada Nickel (CVE:CNC) Shares Down 3.9% – Here’s What Happened

Canada Nickel Company Inc. (CVE:CNCGet Free Report) fell 3.9% on Friday . The stock traded as low as C$1.10 and last traded at C$1.10. 261,677 shares traded hands during trading, a decline of 9% from the average session volume of 286,514 shares. The stock had previously closed at C$1.15.

Canada Nickel Price Performance

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 stock has a market capitalization of C$198.95 million, a P/E ratio of -22.40 and a beta of 2.31. The firm has a fifty day moving average price of C$0.86 and a two-hundred day moving average price of C$0.96.

Insider Transactions at Canada Nickel

In other Canada Nickel news, Senior Officer Stephen James Balch sold 123,996 shares of the stock in a transaction on Thursday, January 9th. The stock was sold at an average price of C$0.87, for a total value of C$107,876.52. Also, Director David Smith purchased 50,000 shares of the business’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. 14.82% of the stock is currently owned by company insiders.

About Canada Nickel

(Get Free Report)

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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