Canada Nickel (CVE:CNC) Stock Price Down 3.9% – What’s Next?

Canada Nickel Company Inc. (CVE:CNC)’s stock price fell 3.9% during trading on Friday . The company traded as low as C$1.10 and last traded at C$1.10. 261,677 shares were traded during trading, a decline of 9% from the average session volume of 286,514 shares. The stock had previously closed at C$1.15.

Canada Nickel Trading Down 5.2 %

The company’s 50 day simple moving average is C$0.85 and its two-hundred day simple moving average is C$0.96. The company has a quick ratio of 1.20, a current ratio of 0.64 and a debt-to-equity ratio of 10.24. The company has a market capitalization of C$196.23 million, a price-to-earnings ratio of -22.10 and a beta of 2.31.

Insider Transactions at Canada Nickel

In related news, Senior Officer Stephen James Balch sold 123,996 shares of the stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of C$0.87, for a total value of C$107,876.52. Also, Director David Smith bought 50,000 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were bought at an average cost of C$0.84 per share, for a total transaction of C$42,055.00. Insiders own 14.82% of the company’s stock.

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.