Royal Nickel (TSE:RNX) Stock Price Passes Below Two Hundred Day Moving Average of $0.00

Shares of Royal Nickel Corp (TSE:RNX) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as low as $0.51. Royal Nickel shares last traded at $0.51, with a volume of 793,500 shares changing hands.

The company has a debt-to-equity ratio of 22.48, a quick ratio of 0.08 and a current ratio of 0.50. The firm’s 50 day simple moving average is C$0.57. The firm has a market capitalization of $296.06 million and a price-to-earnings ratio of 255.00.

Royal Nickel (TSE:RNX) last released its quarterly earnings data on Wednesday, May 15th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$10.86 million for the quarter. As a group, research analysts expect that Royal Nickel Corp will post 0.06 EPS for the current fiscal year.



In related news, Director Frank Marzoli sold 100,000 shares of Royal Nickel stock in a transaction on Monday, June 24th. The shares were sold at an average price of C$0.69, for a total value of C$68,500.00. Following the completion of the sale, the director now owns 3,347,500 shares of the company’s stock, 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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