Canada Nickel (CVE:CNC) Stock Price Up 1.1% – Here’s Why

Shares of Canada Nickel Company Inc. (CVE:CNCGet Free Report) rose 1.1% on Friday . The stock traded as high as C$0.95 and last traded at C$0.93. Approximately 135,520 shares traded hands during trading, a decline of 22% from the average daily volume of 174,458 shares. The stock had previously closed at C$0.92.

Canada Nickel Price Performance

The company has a market cap of C$168.53 million, a P/E ratio of -15.50 and a beta of 2.31. The company’s 50-day moving average price is C$0.97 and its two-hundred day moving average price is C$1.05. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.13.

Canada Nickel Company Profile

(Get Free Report)

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.

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