Canada Nickel (CVE:CNC) Stock Price Down 3.9% - Time to Sell?

Shares of Canada Nickel Company Inc. (CVE:CNC - Get Free Report) traded down 3.9% on Friday . The company traded as low as C$1.10 and last traded at C$1.10. 261,677 shares traded hands during trading, a decline of 9% from the average session volume of 286,514 shares. The stock had previously closed at C$1.15.

Canada Nickel Stock Performance

The business has a 50-day moving average of C$0.87 and a two-hundred day moving average of C$0.96. The company has a market cap of C$200.76 million, a P/E ratio of -22.61 and a beta of 2.31. The company has a debt-to-equity ratio of 10.24, a current ratio of 0.64 and a quick ratio of 1.20.

Insider Activity at Canada Nickel

In other Canada Nickel news, Director David Smith purchased 50,000 shares of the firm's stock in a transaction on Tuesday, January 28th. The stock was bought at an average cost 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 stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of C$0.87, for a total value of C$107,876.52. 14.82% of the stock is owned by corporate insiders.

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.