Canada Nickel (CVE:CNC) Shares Down 9% – Time to Sell?

Canada Nickel Company Inc. (CVE:CNC) shares fell 9% during trading on Friday . The company traded as low as C$1.42 and last traded at C$1.42. 989,416 shares traded hands during mid-day trading, a decline of 30% from the average session 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 debt-to-equity ratio of 18.70, a quick ratio of 1.20 and a current ratio of 0.06. The company has a market cap of C$340.86 million, a P/E ratio of -10.92 and a beta of 0.19. The stock has a 50-day moving average of C$1.98 and a two-hundred day moving average 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.