Canada Nickel (CVE:CNC) Insider Stephen James Balch Sells 77,541 Shares of Stock

Canada Nickel Company Inc. (CVE:CNC) insider Stephen James Balch sold 77,541 shares of Canada Nickel stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of C$1.65, for a total transaction of C$127,942.65. Following the transaction, the insider directly owned 64,816 shares in the company, valued at approximately C$106,946.40. This trade represents a 54.47% decrease in their ownership of the stock.

Canada Nickel Trading Down 3.6%

CNC traded down C$0.06 during trading on Thursday, hitting C$1.62. 616,018 shares of the company’s stock were exchanged, compared to its average volume of 863,376. Canada Nickel Company Inc. has a 1 year low of C$0.77 and a 1 year high of C$2.59. The stock has a 50 day moving average price of C$1.46 and a 200 day moving average price of C$1.69. The firm has a market cap of C$396.26 million, a P/E ratio of -14.73 and a beta of 0.51. The company has a current ratio of 0.35, a quick ratio of 1.20 and a debt-to-equity ratio of 24.31.

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