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Insider Buying: Canada Nickel Company Inc. (CVE:CNC) Director Acquires 50,000 Shares of Stock

Canada Nickel logo with Basic Materials background

Canada Nickel Company Inc. (CVE:CNC - Get Free Report) Director David Smith purchased 50,000 shares of the company's stock in a transaction dated Tuesday, January 28th. The stock was purchased at an average cost of C$0.84 per share, for a total transaction of C$42,055.00.

Canada Nickel Stock Performance

Shares of CNC stock traded down C$0.03 during mid-day trading on Tuesday, reaching C$0.84. The stock had a trading volume of 158,360 shares, compared to its average volume of 168,269. The firm's 50 day simple moving average is C$0.91 and its 200 day simple moving average is C$1.01. 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 firm has a market cap of C$151.31 million, a PE ratio of -13.92 and a beta of 2.31. Canada Nickel Company Inc. has a one year low of C$0.81 and a one year high of C$1.62.

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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