In this article, we will look at 5 cheap nickel stocks to invest in today. You can learn more about other cheap nickel stocks and the market for nickel by going to 10 Cheap Nickel Stocks to Invest In Today.
5 Cheap Nickel Stocks to Invest In Today
5. The Metals Company Inc (NASDAQ:TMC)
Number of Hedge Fund Holders: 15
Share Price as of March 11: $2.70
The Metals Company Inc. (NASDAQ:TMC) is a Canadian mining company that engages in the exploration of battery-grade metals. It primarily explores nickel sulfate, cobalt sulfate, copper, and manganese products. The company was founded in 2021 and is headquartered in Vancouver, Canada. Shares of The Metals Company Inc. (NASDAQ:TMC) have gained an impressive 32.65% year-to-date.
The Metals Company Inc. (NASDAQ:TMC), which had its IPO in the third quarter of 2021, attracted a modest amount of hedge fund interest, as 18 funds took stakes in the company. That figure fell to 15 hedge funds with positions worth $3.58 million by the end of 2021. Highbridge Capital Management is the leading shareholder in The Metals Company Inc. (NASDAQ:TMC) among that group of funds, owning more than 400,000 shares worth over $1 million.
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.
3. Nickel Mines Limited (ASX:NIC)
Number of Hedge Fund Holders: N/A
Share Price as of March 11: $0.92
Nickel Mines Limited (ASX:NIC) is involved in nickel ore mining and nickel pig iron production. The company has operations in Singapore and Indonesia.
The company holds an 80% economic interest in the Hengjaya Mine, another 80% interest in the Ranger Nickel project, and a 70% interest in the Angel Nickel project. Nickel Mines Limited (ASX:NIC) was founded in 2007 and is headquartered in Sydney, Australia.
Nickel Mines Limited (ASX:NIC) has a market cap of $3.14 billion and the company’s revenue for 2021 was reported at $645.93 million. As of March 11, the share price for the stock sits at $0.92 and has gained 11.11% over the past six months.
2. Talon Metals Corp. (OTC:TLOFF)
Number of Hedge Fund Holders: N/A
Share Price as of March 11: $0.61
Talon Metals Corp. (OTC:TLOFF) is a mineral exploration company that explores for and develops mineral properties. It owns a 17.56% interest in the Tamarack nickel-copper-cobalt project located in Minnesota.
On January 10, 2022, Tesla Inc (NASDAQ:TSLA) signed a U.S. nickel supply deal with Talon Metals Corp. (OTC:TLOFF). The automaker was attracted to Talon Metals Corp’s (OTC:TLOFF) Tamarack mine project, which put forth eco-friendly plans for electric vehicle battery manufacturing.
As of March 11, the share price for Talon Metals Corp (OTC:TLOFF) was recorded at $0.61, and the company’s market cap was valued at $465.63 million. Moreover, the stock has gained 32.76% over the past six months, and 24.19% year-to-date.
1. FPX Nickel Corp (OTC:FPOCF)
Number of Hedge Fund Holders: N/A
Share Price as of March 11: $0.57
FPX Nickel Corp. (CVE:FPOCF) is a nickel mining company that is involved in the acquisition, exploration, and development of mineral properties. It primarily explores awaruite, which is a nickel-iron alloy.
The company’s primary project is the Decar Project which is spread over an area of approximately 245 square kilometers located in central British Columbia, Canada.
FPX Nickel Corp. (CVE:FPOCF) may be a small-cap company having a $126.07 million market cap, but its team has worked in over 35 countries. The company’s 100%-owned nickel properties include the Mich property, in Yukon, and British Columbia properties: Orca, Wale, and Klow.
You can also take a look at 11 Best Lithium and Battery Stocks To Buy and 10 Best Battery Stocks to Buy Now.
