Canada Nickel (CVE:CNC) Sets New 1-Year Low – Should You Sell?

Shares of Canada Nickel Company Inc. (CVE:CNCGet Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.91 and last traded at C$0.91, with a volume of 97726 shares trading hands. The stock had previously closed at C$0.92.

Canada Nickel Trading Up 4.4 %

The company has a market capitalization of C$170.34 million, a P/E ratio of -15.67 and a beta of 2.31. The business has a 50 day moving average price of C$1.01 and a 200 day moving average price of C$1.10. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.13.

About Canada Nickel

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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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