5 Cheap Nickel Stocks to Invest In Today

4. Canada Nickel Company Inc. (OTC:CNIKF)

Number of Hedge Fund Holders: N/A

Share Price as of March 11: $2.44

Canada Nickel Company Inc. (OTC:CNIKF) explores nickel sulfide assets and the company is the owner of the Crawford Nickel-Cobalt Sulphide Project located in Northern Ontario, Canada. Canada Nickel Company Inc. (OTC:CNIKF) was founded in 2019 and is headquartered in Toronto, Canada.

The company’s flagship property, the Crawford Project, is one of the largest nickel resources in the world. It is a valuable resource that has the potential to profit for many years to come from the ongoing rollout of electric vehicles, since nickel is a key component used in EV batteries. Canada Nickel Company Inc. (OTC:CNIKF) shares have gained 15.64% over the past six months.

On March 9, 2022, Canada Nickel Company Inc. (OTC:CNIKF) upped its stock offering from C$25 million ($19.66 million) to C$45 million ($35.39 million). The company plans to issue 8.3 million shares at C$3.10 ($2.44) per share, 3.4 million flow-through shares at C$3.65 ($2.87) per share, and 1.5 million flow-through shares will be sold as charity flow-through shares at C$4.46 ($3.51) per share.