Insider Buying: Canada Nickel Company Inc. (CVE:CNC) Director Purchases 50,000 Shares of Stock

Canada Nickel Company Inc. (CVE:CNC) Director David Smith purchased 50,000 shares of the stock in a transaction on Tuesday, January 28th. The stock was bought at an average price of C$0.84 per share, for a total transaction of C$42,055.00.

Canada Nickel Price Performance

CNC traded down C$0.03 during midday trading on Tuesday, hitting C$0.83. The company had a trading volume of 134,360 shares, compared to its average volume of 166,926. Canada Nickel Company Inc. has a twelve month low of C$0.81 and a twelve month high of C$1.62. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.20 and a current ratio of 1.31. The company has a market capitalization of C$150.40 million, a PE ratio of -13.83 and a beta of 2.31. The firm’s 50-day simple moving average is C$0.92 and its 200-day simple moving average is C$1.01.

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.