Canada Nickel (CVE:CNC) Reaches New 1-Year Low Following Insider Selling

Canada Nickel Company Inc. (CVE:CNCGet Free Report)’s stock price hit a new 52-week low on Monday following insider selling activity. The stock traded as low as C$0.84 and last traded at C$0.84, with a volume of 81760 shares. The stock had previously closed at C$0.86.

Specifically, Senior Officer Stephen James Balch sold 123,996 shares of Canada Nickel stock in a transaction 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.

Canada Nickel Stock Up 1.2 %

The stock has a market cap of C$152.22 million, a price-to-earnings ratio of -14.00 and a beta of 2.31. The firm has a 50 day simple moving average of C$0.95 and a two-hundred day simple moving average of C$1.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.31 and a quick ratio of 1.20.

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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