Canada Nickel (CVE:CNC) Shares Down 9% – Here’s What Happened

Canada Nickel Company Inc. (CVE:CNC)’s stock price was down 9% during mid-day trading on Friday . The stock traded as low as C$1.42 and last traded at C$1.42. Approximately 989,416 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 1,415,864 shares. The stock had previously closed at C$1.56.

Canada Nickel Trading Down 9.0%

The company has a market cap of C$340.86 million, a PE ratio of -10.92 and a beta of 0.19. The company has a current ratio of 0.06, a quick ratio of 1.20 and a debt-to-equity ratio of 18.70. The stock has a 50 day moving average price of C$1.98 and a 200 day moving average price of C$1.44.

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.