Canada Nickel (CVE:CNC) Hits New 52-Week Low – Time to Sell?

Canada Nickel Company Inc. (CVE:CNC) shares hit a new 52-week low during trading on Thursday . The company traded as low as C$0.76 and last traded at C$0.77, with a volume of 66949 shares. The stock had previously closed at C$0.78.

Canada Nickel Trading Down 3.8 %

The stock has a market cap of C$137.45 million, a P/E ratio of -15.48 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. The business’s 50 day simple moving average is C$0.86 and its 200 day simple moving average is C$0.97.

Insider Transactions at Canada Nickel

In related news, Director David Smith acquired 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was purchased at an average price 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 business’s stock in a transaction that occurred 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. 14.82% of the stock is owned by company 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.