Shares of Canada Nickel Company Inc. (CVE:CNC – Get Free Report) were up 20.8% on Tuesday . The stock traded as high as C$1.34 and last traded at C$1.28. Approximately 2,250,385 shares traded hands during trading, an increase of 479% from the average daily volume of 388,692 shares. The stock had previously closed at C$1.06.
Canada Nickel Trading Up 25.5%
The company has a debt-to-equity ratio of 10.24, a current ratio of 0.64 and a quick ratio of 1.20. The stock has a market capitalization of C$286.70 million, a price-to-earnings ratio of -13.30 and a beta of -0.82. The business has a 50 day simple moving average of C$1.00 and a 200-day simple moving average 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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