Canada Nickel (CVE:CNC) Trading 3.1% Higher – Here’s What Happened

Canada Nickel Company Inc. (CVE:CNC) traded up 3.1% on Friday . The stock traded as high as C$1.01 and last traded at C$1.01. 243,678 shares were traded during mid-day trading, a decline of 15% from the average session volume of 286,295 shares. The stock had previously closed at C$0.98.

Canada Nickel Trading Up 3.1 %

The business has a 50-day moving average of C$0.91 and a 200-day moving average of C$0.96. 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 firm has a market cap of C$182.67 million, a price-to-earnings ratio of -20.57 and a beta of 2.31.

Insider Transactions at Canada Nickel

In other news, Director David Smith bought 50,000 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were bought at an average cost 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 firm’s stock in a transaction dated Thursday, January 9th. The shares were sold at an average price of C$0.87, for a total transaction of C$107,876.52. Company insiders own 14.82% of the company’s stock.

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.