Canada Nickel Company Inc. (CVE:CNC - Get Free Report) dropped 10.6% during trading on Thursday . The stock traded as low as C$0.82 and last traded at C$0.84. Approximately 1,946,542 shares traded hands during trading, an increase of 583% from the average daily volume of 285,100 shares. The stock had previously closed at C$0.94.
Canada Nickel Stock Performance
The company has a market cap of C$155.54 million, a PE ratio of -17.51 and a beta of 2.31. 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 50-day moving average of C$0.94 and a 200-day moving average of C$0.92.
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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