Canada Nickel (CVE:CNC) Stock Price Down 1.7% – Here’s Why

Canada Nickel Company Inc. (CVE:CNC)’s stock price dropped 1.7% during mid-day trading on Monday . The company traded as low as C$1.17 and last traded at C$1.17. Approximately 196,167 shares were traded during trading, a decline of 61% from the average daily volume of 502,043 shares. The stock had previously closed at C$1.19.

Canada Nickel Stock Performance

The stock has a market cap of C$252.21 million, a P/E ratio of -11.70 and a beta of -0.81. The company has a current ratio of 0.64, a quick ratio of 1.20 and a debt-to-equity ratio of 10.24. The stock has a 50 day simple moving average of C$1.19 and a 200 day simple moving average of C$0.98.

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.