Canada Nickel Company Inc. (CVE:CNC - Get Free Report)'s stock price dropped 9% during trading on Thursday . The company traded as low as C$0.82 and last traded at C$0.86. Approximately 1,675,262 shares changed hands during mid-day trading, an increase of 493% from the average daily volume of 282,272 shares. The stock had previously closed at C$0.94.
Canada Nickel Price Performance
The stock has a market capitalization of C$151.92 million, a P/E ratio of -17.11 and a beta of 2.31. The company's 50 day simple moving average is C$0.94 and its two-hundred day simple moving average is C$0.92. The company has a debt-to-equity ratio of 10.24, a current ratio of 0.64 and a quick ratio of 1.20.
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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