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Canada Nickel (CVE:CNC) Shares Down 10.6% - Should You Sell?

Canada Nickel logo with Basic Materials background

Canada Nickel Company Inc. (CVE:CNC - Get Free Report)'s stock price traded down 10.6% on Thursday . The stock traded as low as C$0.82 and last traded at C$0.84. 1,931,042 shares changed hands during mid-day trading, an increase of 577% from the average session volume of 285,100 shares. The stock had previously closed at C$0.94.

Canada Nickel Trading Down 3.4%

The stock has a market cap of C$153.73 million, a PE ratio of -17.31 and a beta of 2.31. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.20 and a current ratio of 0.64. The company's 50-day moving average price is C$0.94 and its 200 day moving average price is C$0.92.

About Canada Nickel

(Get Free Report)

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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