Canada Nickel (CVE:CNC) Shares Down 1.9% – What’s Next?

Canada Nickel Company Inc. (CVE:CNC) shares traded down 1.9% during mid-day trading on Thursday . The company traded as low as C$1.02 and last traded at C$1.04. 217,139 shares were traded during mid-day trading, a decline of 8% from the average session volume of 235,592 shares. The stock had previously closed at C$1.06.

Canada Nickel Price Performance

The company has a 50-day moving average of C$1.07 and a 200 day moving average of C$1.21. 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 has a market cap of C$190.27 million, a P/E ratio of -17.50 and a beta of 2.31.

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.