Canada Nickel (CVE:CNC) Reaches New 52-Week Low After Insider Selling

Canada Nickel Company Inc. (CVE:CNC)’s share price reached a new 52-week low on Monday after an insider sold shares in the company. The company traded as low as C$0.84 and last traded at C$0.84, with a volume of 81760 shares changing hands. The stock had previously closed at C$0.86.

Specifically, Senior Officer Stephen James Balch sold 123,996 shares of the stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of C$0.87, for a total value of C$107,876.52.

Canada Nickel Price Performance

The stock has a market capitalization of C$152.22 million, a P/E ratio of -14.00 and a beta of 2.31. The company’s 50 day simple moving average is C$0.95 and its two-hundred day simple moving average is C$1.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.31 and a quick ratio of 1.20.

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.