Canada Nickel Company Inc. (CVE:CNC – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Monday following insider selling activity. The stock traded as low as C$0.84 and last traded at C$0.84, with a volume of 81760 shares trading hands. The stock had previously closed at C$0.86.
Specifically, Senior Officer Stephen James Balch sold 123,996 shares of the firm’s stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of C$0.87, for a total transaction of C$107,876.52.
Canada Nickel Stock Performance
The company has a debt-to-equity ratio of 0.13, a current ratio of 1.31 and a quick ratio of 1.20. The company has a market capitalization of C$153.12 million, a price-to-earnings ratio of -14.08 and a beta of 2.31. The firm’s fifty day simple moving average is C$0.95 and its 200 day simple moving average is C$1.04.
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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