Key Points
- Insider sale: Stephen James Balch sold 77,541 Canada Nickel shares at an average price of C$1.65, generating approximately C$127,943. His remaining stake fell 54.47% to 64,816 shares.
- Stock performance: Canada Nickel shares opened at C$1.60, with a 1-year trading range of C$0.77 to C$2.59 and a market capitalization of approximately C$391.4 million.
- Company focus: Canada Nickel explores and develops nickel sulphide assets, including its flagship Crawford Nickel project in northern Ontario, targeting nickel, cobalt, and iron production for electric vehicles, green energy, and stainless steel markets.
Canada Nickel Company Inc. (CVE:CNC - Get Free Report) insider Stephen James Balch sold 77,541 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of C$1.65, for a total transaction of C$127,942.65. Following the sale, the insider owned 64,816 shares in the company, valued at approximately C$106,946.40. The trade was a 54.47% decrease in their position.
Canada Nickel Price Performance
Shares of CVE:CNC opened at C$1.60 on Friday. The company has a debt-to-equity ratio of 24.31, a current ratio of 0.35 and a quick ratio of 1.20. Canada Nickel Company Inc. has a 1-year low of C$0.77 and a 1-year high of C$2.59. The company has a market capitalization of C$391.37 million, a P/E ratio of -14.55 and a beta of 0.51. The firm's 50 day simple moving average is C$1.46 and its two-hundred day simple moving average is C$1.69.
Canada Nickel Company Profile
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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. The company was incorporated in 2019 and is headquartered in Toronto, Canada.
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