Canada Nickel (CVE:CNC) Reaches New 12-Month Low – Here’s Why

Canada Nickel Company Inc. (CVE:CNCGet Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.94 and last traded at C$0.97, with a volume of 391433 shares. The stock had previously closed at C$0.98.

Canada Nickel Trading Up 1.1 %

The stock has a market cap of C$173.96 million, a PE ratio of -16.17 and a beta of 2.31. The company’s 50-day moving average price is C$1.05 and its 200 day moving average price is C$1.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.20 and a current ratio of 1.31.

About Canada Nickel

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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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