Canada Nickel Company Inc. (CVE:CNC – Get Free Report)’s stock price shot up 12.4% during mid-day trading on Thursday . The stock traded as high as C$1.69 and last traded at C$1.63. 2,453,125 shares changed hands during trading, an increase of 485% from the average session volume of 419,356 shares. The stock had previously closed at C$1.45.
Canada Nickel Price Performance
The firm has a market cap of C$363.22 million, a P/E ratio of -16.85 and a beta of -0.82. The company has a fifty day moving average of C$1.02 and a 200-day moving average of C$0.92. The company has a debt-to-equity ratio of 10.24, a current ratio of 0.64 and a quick ratio of 1.20.
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.
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