Cormark Estimates Canada Nickel’s FY2025 Earnings (CVE:CNC)

Canada Nickel Company Inc. (CVE:CNC) – Investment analysts at Cormark cut their FY2025 earnings per share (EPS) estimates for Canada Nickel in a research note issued on Wednesday, March 5th. Cormark analyst S. Ioannou now expects that the company will earn ($0.04) per share for the year, down from their previous forecast of ($0.03). The consensus estimate for Canada Nickel’s current full-year earnings is ($0.04) per share.

Canada Nickel Price Performance

CVE:CNC opened at C$1.00 on Monday. The company has a quick ratio of 1.20, a current ratio of 0.64 and a debt-to-equity ratio of 10.24. The business’s 50-day moving average price is C$0.85 and its 200 day moving average price is C$0.96. Canada Nickel has a 52-week low of C$0.74 and a 52-week high of C$1.60. The firm has a market cap of C$180.86 million, a P/E ratio of -20.37 and a beta of 2.31.

Insider Activity

In related news, Director David Smith bought 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were acquired at an average cost of C$0.84 per share, for a total transaction of C$42,055.00. Also, Senior Officer Stephen James Balch sold 123,996 shares of the company’s stock in a transaction on Thursday, January 9th. The shares were sold at an average price of C$0.87, for a total value of C$107,876.52. 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.