Canada Nickel Company Inc. (CVE:CNC - Get Free Report) shares were up 3.1% on Friday . The stock traded as high as C$1.01 and last traded at C$1.01. Approximately 243,678 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 286,295 shares. The stock had previously closed at C$0.98.
Canada Nickel Price Performance
The company has a debt-to-equity ratio of 10.24, a current ratio of 0.64 and a quick ratio of 1.20. The stock's 50 day moving average price is C$0.92 and its two-hundred day moving average price is C$0.96. The firm has a market capitalization of C$171.82 million, a price-to-earnings ratio of -19.35 and a beta of 2.31.
Insider Buying and Selling at Canada Nickel
In other news, Senior Officer Stephen James Balch sold 123,996 shares of the stock in a transaction on Thursday, January 9th. The stock was sold at an average price of C$0.87, for a total transaction of C$107,876.52. Also, Director David Smith acquired 50,000 shares of Canada Nickel stock in a transaction on Tuesday, January 28th. The shares were purchased at an average cost of C$0.84 per share, for a total transaction of C$42,055.00. Corporate insiders own 14.82% of the company's stock.
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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