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

Shares of Canada Nickel Company Inc. (CVE:CNCGet Free Report) reached a new 52-week low during trading on Monday . The company traded as low as C$0.94 and last traded at C$0.97, with a volume of 391433 shares trading hands. The stock had previously closed at C$0.98.

Canada Nickel Price Performance

The firm has a market capitalization of C$173.96 million, a PE ratio of -16.17 and a beta of 2.31. The stock’s 50 day simple moving average is C$1.05 and its two-hundred day simple moving average is C$1.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.20 and a current ratio of 1.31.

Canada Nickel Company Profile

(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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