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Canada Nickel (CVE:CNC) Trading Up 1.1% - Here's What Happened

Canada Nickel logo with Basic Materials background

Canada Nickel Company Inc. (CVE:CNC - Get Free Report)'s share price traded up 1.1% during mid-day trading on Friday . The company traded as high as C$0.95 and last traded at C$0.93. 135,520 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 174,458 shares. The stock had previously closed at C$0.92.

Canada Nickel Trading Up 1.1 %

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 business's fifty day moving average is C$0.97 and its two-hundred day moving average is C$1.05. The firm has a market cap of C$168.53 million, a price-to-earnings ratio of -15.50 and a beta of 2.31.

About Canada Nickel

(Get Free Report)

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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