Canada Nickel (CVE:CNC) Insider Sells 39,456 Shares of Stock

Canada Nickel Company Inc. (CVE:CNC) insider Stephen James Balch sold 39,456 shares of Canada Nickel stock in a transaction on Friday, September 11th. The shares were sold at an average price of C$1.42, for a total transaction of C$56,027.52. Following the completion of the sale, the insider owned 311,264 shares in the company, valued at approximately C$441,994.88. This trade represents a 11.25% decrease in their position.

Stephen James Balch also recently made the following trade(s):

• On Wednesday, September 9th, Stephen James Balch sold 75,000 shares of Canada Nickel stock. The stock was sold at an average price of C$1.45, for a total transaction of C$108,750.00.
• On Tuesday, August 4th, Stephen James Balch sold 77,541 shares of Canada Nickel stock. The stock was sold at an average price of C$1.65, for a total transaction of C$127,942.65.

Canada Nickel Trading Up 1.4%

Shares of CVE CNC traded up C$0.02 during midday trading on Monday, hitting C$1.43. 279,769 shares of the company traded hands, compared to its average volume of 810,096. Canada Nickel Company Inc. has a 12-month low of C$0.81 and a 12-month high of C$2.59. The firm has a market cap of C$349.79 million, a P/E ratio of -13.00 and a beta of 0.35. The stock has a 50-day moving average price of C$1.47 and a 200 day moving average price of C$1.59. The company has a debt-to-equity ratio of 24.31, a quick ratio of 1.20 and a current ratio of 0.35.

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.