Canada Nickel Company Inc. (CVE:CNC – Get Free Report) shares shot up 19.8% during trading on Tuesday . The company traded as high as C$1.34 and last traded at C$1.27. 2,449,940 shares were traded during mid-day trading, an increase of 528% from the average session volume of 389,937 shares. The stock had previously closed at C$1.06.
Canada Nickel Price Performance
The company has a market capitalization of C$291.01 million, a price-to-earnings ratio of -13.50 and a beta of -0.82. The company has a current ratio of 0.64, a quick ratio of 1.20 and a debt-to-equity ratio of 10.24. The company has a 50 day moving average price of C$1.00 and a 200 day moving average price of C$0.92.
About Canada Nickel
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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