Canada Nickel Company Inc. (CVE:CNC – Get Free Report) shares rose 1.9% during trading on Tuesday . The company traded as high as C$1.08 and last traded at C$1.06. Approximately 509,788 shares changed hands during trading, an increase of 34% from the average daily volume of 380,659 shares. The stock had previously closed at C$1.04.
Canada Nickel Trading Up 19.3%
The business has a 50-day moving average of C$1.02 and a 200 day moving average of C$0.92. The stock has a market cap of C$372.92 million, a PE ratio of -17.30 and a beta of -0.82. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.20 and a current ratio of 0.64.
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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