Canada Nickel (CVE:CNC) Reaches New 12-Month Low Following Insider Selling

Shares of Canada Nickel Company Inc. (CVE:CNCGet Free Report) reached a new 52-week low on Monday following insider selling activity. The company traded as low as C$0.84 and last traded at C$0.84, with a volume of 81760 shares trading hands. The stock had previously closed at C$0.86.

Specifically, Senior Officer Stephen James Balch sold 123,996 shares of the firm’s stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of C$0.87, for a total transaction of C$107,876.52.

Canada Nickel Stock Performance

The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of C$0.95 and a two-hundred day moving average price of C$1.03. The stock has a market cap of C$150.40 million, a P/E ratio of -13.83 and a beta of 2.31.

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.

Featured Articles

Receive News & Ratings for Canada Nickel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canada Nickel and related companies with MarketBeat.com's FREE daily email newsletter.