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Canada Nickel Company (CNC-X) is a small nickel mining company with a market capitalization of approximately $205 million. Experts predict a mid to long-term shortage in nickel supply, particularly outside of China and Indonesia, which could bode well for the commodity's price. The company is currently pre-revenue and primarily finances its operations through equity issuances, reflecting its developmental stage. Despite a solid balance sheet with minimal debt, CNC-X has experienced a downward trend in its share price since 2021. Analysts suggest that while it may attract interest for those seeking nickel exposure, its current trajectory indicates potential for further share price declines unless a reversal occurs.
CNC recently confirmed widespread mineralization at its Mann Northwest property, confirming its discovery. But this was more or less assumed, anyway, from the company's earlier announcements in July. We would certainly keep it in the 'speculative' category. But it has a large deposit in a safe jurisdiction, and as the stock drifts lower it does become more interesting for small cap sector players.
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Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The results from the last quarter were good. There are positive indicators overall in terms of good metallurgy and consistencies to other zones. Progressing well. A good small cap metal play with good momentum. Unlock Premium - Try 5i Free
Canada Nickel Company is a Canadian stock, trading under the symbol CNC-X on the TSX Venture Exchange (CNC-CV). It is usually referred to as TSXV:CNC or CNC-X
In the last year, 2 stock analysts published opinions about CNC-X. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Canada Nickel Company.
Canada Nickel Company was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Canada Nickel Company.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Canada Nickel Company In the last year. It is a trending stock that is worth watching.
On 2025-04-24, Canada Nickel Company (CNC-X) stock closed at a price of $0.99.
CNC is a small ($205M market cap) nickel miner. Nickel as a commodity is expected to be in a shortage over the mid to long-term with minimal supply growth outside of China and Indonesia. It is pre-revenue and issues shares to fund its operations. It has a decent balance sheet, with minimal debt and a good equity balance. We think it looks interesting if one is looking for exposure to nickel, but its share price has been in a downtrend since 2021, and until that trend reverses, we would likely expect more downside pressure on its share price.
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