Canada Nickel (CVE:CNC) Hits New 12-Month Low - Should You Sell?

Canada Nickel Company Inc. (CVE:CNC - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.76 and last traded at C$0.77, with a volume of 66949 shares changing hands. The stock had previously closed at C$0.78.

Canada Nickel Stock Down 3.8 %

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 has a market capitalization of C$137.45 million, a P/E ratio of -15.48 and a beta of 2.31. The firm's fifty day moving average is C$0.86 and its 200-day moving average is C$0.97.

Insiders Place Their Bets

In other news, Senior Officer Stephen James Balch sold 123,996 shares of the company's stock in a transaction on Thursday, January 9th. The shares were sold at an average price of C$0.87, for a total value of C$107,876.52. Also, Director David Smith acquired 50,000 shares of Canada Nickel stock in a transaction dated Tuesday, January 28th. The stock was purchased at an average cost of C$0.84 per share, for a total transaction of C$42,055.00. Insiders own 14.82% of the company's stock.

Canada Nickel Company Profile

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.