Stephen James Balch Sells 77,541 Shares of Canada Nickel (CVE:CNC) Stock

Canada Nickel Company Inc. (CVE:CNC) insider Stephen James Balch sold 77,541 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of C$1.65, for a total transaction of C$127,942.65. Following the sale, the insider directly owned 64,816 shares in the company, valued at C$106,946.40. This represents a 54.47% decrease in their ownership of the stock.

Canada Nickel Trading Down 3.6%

CVE:CNC traded down C$0.06 during mid-day trading on Thursday, reaching C$1.62. The company’s stock had a trading volume of 616,018 shares, compared to its average volume of 863,376. The company’s fifty day simple moving average is C$1.46 and its two-hundred day simple moving average is C$1.69. The company has a debt-to-equity ratio of 24.31, a current ratio of 0.35 and a quick ratio of 1.20. Canada Nickel Company Inc. has a twelve month low of C$0.77 and a twelve month high of C$2.59. The stock has a market cap of C$396.26 million, a P/E ratio of -14.73 and a beta of 0.51.

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. The company was incorporated in 2019 and is headquartered in Toronto, Canada.