Canada Nickel Company Inc. (CVE:CNC - Free Report) - Research analysts at Cormark decreased their FY2025 earnings estimates for shares of Canada Nickel in a research report issued on Wednesday, March 5th. Cormark analyst S. Ioannou now anticipates that the company will post earnings of ($0.04) per share for the year, down from their previous forecast of ($0.03). The consensus estimate for Canada Nickel's current full-year earnings is ($0.04) per share.
Canada Nickel Stock Up 6.5 %
Shares of CVE CNC traded up C$0.07 during mid-day trading on Monday, reaching C$1.14. 880,505 shares of the company traded hands, compared to its average volume of 289,245. The company's fifty day moving average is C$0.85 and its two-hundred day moving average is C$0.96. The company has a debt-to-equity ratio of 10.24, a quick ratio of 1.20 and a current ratio of 0.64. Canada Nickel has a fifty-two week low of C$0.74 and a fifty-two week high of C$1.60. The stock has a market cap of C$206.18 million, a PE ratio of -23.22 and a beta of 2.31.
Insider Buying and Selling
In other Canada Nickel news, Director David Smith bought 50,000 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were acquired at an average price of C$0.84 per share, with a total value of C$42,055.00. Also, Senior Officer Stephen James Balch sold 123,996 shares of the business'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. 14.82% of the stock is owned by insiders.
Canada Nickel Company Profile
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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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