Canada Nickel (CVE:CNC) Trading Up 2.3% – Time to Buy?

Canada Nickel Company Inc. (CVE:CNCGet Free Report)’s stock price traded up 2.3% during trading on Monday . The company traded as high as C$0.91 and last traded at C$0.90. 263,248 shares traded hands during trading, an increase of 4% from the average session volume of 252,268 shares. The stock had previously closed at C$0.88.

Canada Nickel Trading Up 2.3%

The stock has a market cap of C$162.78 million, a PE ratio of -18.33 and a beta of 2.31. The company has a quick ratio of 1.20, a current ratio of 0.64 and a debt-to-equity ratio of 10.24. The stock’s fifty day moving average price is C$0.98 and its 200 day moving average price is C$0.93.

Canada Nickel Company Profile

(Get Free Report)

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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