Canada Nickel (CVE:CNC) Hits New 1-Year Low – Should You Sell?

Shares of Canada Nickel Company Inc. (CVE:CNC) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.83 and last traded at C$0.82, with a volume of 139825 shares trading hands. The stock had previously closed at C$0.85.

Canada Nickel Trading Down 3.5 %

The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of C$0.93 and a 200-day moving average price of C$1.02. The company has a market capitalization of C$148.59 million, a price-to-earnings ratio of -13.67 and a beta of 2.31.

Insider Buying and Selling at Canada Nickel

In related news, Senior Officer Stephen James Balch sold 123,996 shares of the company’s stock in a transaction on Thursday, January 9th. The shares were sold at an average price of C$0.87, for a total transaction of C$107,876.52. Insiders own 14.82% of the company’s stock.

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.