Canada Nickel (CVE:CNC) Shares Up 13.9% – What’s Next?

Canada Nickel Company Inc. (CVE:CNC)’s share price was up 13.9% during mid-day trading on Thursday . The company traded as high as C$1.63 and last traded at C$1.56. 825,619 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 839,121 shares. The stock had previously closed at C$1.37.

Canada Nickel Stock Up 15.3%

The company has a market capitalization of C$386.48 million, a PE ratio of -14.36 and a beta of 0.51. The company has a debt-to-equity ratio of 24.31, a quick ratio of 1.20 and a current ratio of 0.35. The company’s 50-day moving average is C$1.47 and its 200 day moving average is C$1.71.

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. The company was incorporated in 2019 and is headquartered in Toronto, Canada.