Canada Nickel (CVE:CNC) Stock Price Down 0.6% – Time to Sell?

Canada Nickel Company Inc. (CVE:CNC) shares traded down 0.6% during trading on Friday . The company traded as low as C$1.77 and last traded at C$1.79. 463,693 shares changed hands during trading, a decline of 58% from the average session volume of 1,103,224 shares. The stock had previously closed at C$1.80.

Canada Nickel Stock Performance

The company has a quick ratio of 1.20, a current ratio of 0.40 and a debt-to-equity ratio of 17.51. The stock has a market cap of C$430.65 million, a P/E ratio of -13.77 and a beta of 0.62. The business has a 50 day moving average price of C$1.73 and a 200 day moving average price of C$1.59.

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.