Canada Nickel (CVE:CNC) Reaches New 1-Year Low – What’s Next?

Canada Nickel Company Inc. (CVE:CNCGet Free Report) shares hit a new 52-week low on Tuesday . The stock traded as low as C$0.88 and last traded at C$0.89, with a volume of 263110 shares trading hands. The stock had previously closed at C$0.91.

Canada Nickel Stock Up 4.1 %

The firm has a market cap of C$162.18 million, a P/E ratio of -14.92 and a beta of 2.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.20 and a current ratio of 1.31. The firm’s fifty day moving average is C$0.96 and its 200 day moving average is C$1.04.

Canada Nickel Company Profile

(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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