Canada Nickel Company Inc. explores and discovers nickel sulphide assets. Its flagship property is the 100% owned Crawford Nickel-Cobalt Sulphide Project located in northern Ontario, Canada. The company was incorporated in 2019 and is headquartered in Toronto, Canada.
Beautiful Canadian stock.
Looking at a +$1.4 on a per spike basis.
We know the value in nickel - for the potential EV market.
If you want to set a stop, do it at $2.5 so that you don't lose out in a potential sub 3 dollar dip. I would buy more, you only lose once you sell :)
$5.5+ price target.
Love it long. Will be buying at either 3.25, or at 3.5 on its...
Looks like things could be heating up as the PEA is just around the corner. 15 days the most. Lots of news and activities this week and the share price is trending upwards.
recent changes:
- Preliminary Economic Assessment (PEA) pushed back from end of march to end of April, due to recent announcement
- They also announced better than expected grind size --> less energy - lower cost
Tesla is about to buy nickel and this has a high potential and zero carbon production potential.
Volatile is there and be careful to fall within the risk tolerance.
Stop loss: $ 2
Profit target: $5 - $6
Very positive development this week:
- Agreement to use Glencore's Kidd concentrator (Cash flow impact)
- PEA in the works and to be expected eo March
- new lower base established at around $2.25
- resistance level at around $2.65
- Jr mining company with strong management and take-over potential
Sharing this as the news feed doesn't show it:
IIROC Trading Halt - CNC
Canada NewsWire
/CNW/ - The following issues have been halted by IIROC:
Company: Canada Nickel Company Inc.
TSX-Venture Symbol: CNC
All Issues: Yes
Reason: At the Request of the Company Pending News
Halt Time (ET):
IIROC can make a decision to impose a temporary suspension (halt) of...
For those bullish on nickel this has the potential to be the higher low before the next leg up as it formed a base on the 55 ema and has a bullish close above the 9 and 20 ema. Which is great for those who use the crossover strategy. We also have a heiken ashi + macd combo that will be in play once the cross over is confirmed.
