Canada Nickel (CVE:CNC) Hits New 1-Year Low - Time to Sell?

Shares of Canada Nickel Company Inc. (CVE:CNC - Get Free Report) hit a new 52-week low on Friday . The stock traded as low as C$0.81 and last traded at C$0.82, with a volume of 124208 shares trading hands. The stock had previously closed at C$0.82.

Canada Nickel Stock Up 2.5 %

The company has a quick ratio of 1.20, a current ratio of 1.31 and a debt-to-equity ratio of 0.13. The company has a 50-day simple moving average of C$0.89 and a two-hundred day simple moving average of C$0.99. The stock has a market cap of C$148.59 million, a P/E ratio of -13.67 and a beta of 2.31.

Insider Buying and Selling at Canada Nickel

In other Canada Nickel news, Director David Smith bought 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 28th. The stock was bought at an average price of C$0.84 per share, for a total transaction of C$42,055.00. Also, Senior Officer Stephen James Balch sold 123,996 shares of the company's stock in a transaction that occurred 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. Corporate insiders own 14.82% of the company's stock.

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.