Royal Nickel (TSE:RNX) Share Price Passes Below 200-Day Moving Average of $0.00

Royal Nickel Corp (TSE:RNX) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as low as $0.55. Royal Nickel shares last traded at $0.55, with a volume of 1,144,575 shares.

The company has a current ratio of 0.50, a quick ratio of 0.08 and a debt-to-equity ratio of 22.48. The firm has a market capitalization of $323.99 million and a P/E ratio of 290.00. The company has a fifty day moving average of C$0.56.

Royal Nickel (TSE:RNX) last posted its quarterly earnings data on Wednesday, May 15th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$10.86 million for the quarter. As a group, equities analysts expect that Royal Nickel Corp will post 0.06 earnings per share for the current fiscal year.

In other Royal Nickel news, Director Frank Marzoli sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$0.69, for a total transaction of C$68,500.00. Following the sale, the director now owns 3,347,500 shares in the company, valued at approximately C$2,293,037.50.

About Royal Nickel (TSE:RNX)

RNC Minerals, a mineral resource company, engages in the acquisition, exploration, evaluation, and development of base and precious metal properties primarily in Canada. The company explores for nickel, copper, cobalt, gold, and precious metal deposits. Its principal properties are the Beta Hunt mine located in Kambalda, Western Australia; and the Dumont Nickel-Cobalt project with 233 contiguous mineral claims covering an area of 9,306.5 hectares located in the Abitibi mining camp, Quebec, as well as the Reed mine located in the Flin Flon, Manitoba.

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