Canada Nickel (CVE:CNC) Hits New 12-Month Low – Time to Sell?

Shares of Canada Nickel Company Inc. (CVE:CNC) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$0.83 and last traded at C$0.82, with a volume of 139825 shares trading hands. The stock had previously closed at C$0.85.

Canada Nickel Stock Performance

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 stock has a market capitalization of C$148.59 million, a price-to-earnings ratio of -13.67 and a beta of 2.31. The stock’s 50-day simple moving average is C$0.93 and its 200 day simple moving average is C$1.02.

Insider Activity

In related news, Senior Officer Stephen James Balch sold 123,996 shares of the company’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. 14.82% of the stock is currently owned by corporate 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.