Canada Nickel (CVE:CNC) Hits New 12-Month High - What's Next?

Key Points

• Canada Nickel Company Inc. shares reached a new 52-week high of C$1.22 during trading, closing at C$1.18 with a volume of 635,708 shares.
• The company, with a market cap of C$250.05 million, focuses on the exploration and development of nickel sulphide assets and aims for zero-carbon production for electric vehicle and green energy markets.
• Financial metrics include a current ratio of 0.64, a quick ratio of 1.20, and a debt-to-equity ratio of 10.24, indicating financial stability and growth potential in a competitive sector.

Shares of Canada Nickel Company Inc. (CVE:CNC - ) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$1.22 and last traded at C$1.18, with a volume of 635708 shares. The stock had previously closed at C$1.10.

Canada Nickel Trading Up 5.5%

The company has a current ratio of 0.64, a quick ratio of 1.20 and a debt-to-equity ratio of 10.24. The company has a market cap of C$250.05 million, a PE ratio of -11.60 and a beta of -0.79. The business's 50-day simple moving average is C$0.88 and its 200-day simple moving average is C$0.90.

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.

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