Royal Nickel (TSE:RNX) Trading Down 13.7%

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Royal Nickel Corp (TSE:RNX) fell 13.7% during trading on Thursday . The stock traded as low as C$0.41 and last traded at C$0.44, 2,654,635 shares were traded during mid-day trading. An increase of 5% from the average session volume of 2,534,984 shares. The stock had previously closed at C$0.51.

The firm’s fifty day moving average price is C$0.56. The company has a debt-to-equity ratio of 22.48, a current ratio of 0.50 and a quick ratio of 0.08. The firm has a market capitalization of $296.06 million and a price-to-earnings ratio of 212.50.

Royal Nickel (TSE:RNX) last posted its quarterly earnings results on Wednesday, May 15th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$10.86 million for the quarter. Equities analysts forecast that Royal Nickel Corp will post 0.06 earnings per share for the current year.

In other Royal Nickel news, Director Frank Marzoli sold 100,000 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$0.69, for a total transaction of C$68,500.00. Following the sale, the director now directly owns 3,347,500 shares in the company, valued at approximately C$2,293,037.50.

About Royal Nickel (TSE:RNX)

RNC Minerals, a mineral resource company, engages in the acquisition, exploration, evaluation, and development of base and precious metal properties primarily in Canada. The company explores for nickel, copper, cobalt, gold, and precious metal deposits. Its principal properties are the Beta Hunt mine located in Kambalda, Western Australia; and the Dumont Nickel-Cobalt project with 233 contiguous mineral claims covering an area of 9,306.5 hectares located in the Abitibi mining camp, Quebec, as well as the Reed mine located in the Flin Flon, Manitoba.

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