NiCAN Ltd is a mining company focused on the exploration and production of nickel. The company leverages new and cutting-edge technologies like high-definition geological surveys and aeromagnetic 3D imaging to map nickel mines and mine the metal more efficiently. NiCAN Ltd is now engaged in nickel exploration in Canada’s second biggest nickel belt, named Manitoba Nickel Belt, having 70+ years of rich history of nickel production.
In Manitoba Nickel Belt, NiCAN Ltd. runs two projects namely the Wine Project and the Pipy Project. While NiCAN Ltd explored Nickel and Copper from the former, from the latter one it explores Copper and Zinc. In this article, we’ll have a detailed discussion over NiCAN Ltd (NICN) Stock Price Prediction.
NiCAN Ltd (NICN) Stock Price Prediction 2024 – 2045
| NiCAN Ltd (NICN) Stock Price Prediction | Prediction Price (CAD) |
| NiCAN Ltd (NICN) Stock Price Prediction 2024 | 0.105 |
| NiCAN Ltd (NICN) Stock Price Prediction 2025 | 0.135 |
| NiCAN Ltd (NICN) Stock Price Prediction 2026 | 0.166 |
| NiCAN Ltd (NICN) Stock Price Prediction 2027 | 0.205 |
| NiCAN Ltd (NICN) Stock Price Prediction 2028 | 0.252 |
| NiCAN Ltd (NICN) Stock Price Prediction 2029 | 0.310 |
| NiCAN Ltd (NICN) Stock Price Prediction 2030 | 0.381 |
| NiCAN Ltd (NICN) Stock Price Prediction 2035 | 1.072 |
| NiCAN Ltd (NICN) Stock Price Prediction 2040 | 3.019 |
| NiCAN Ltd (NICN) Stock Price Prediction 2045 | 8.500 |
NiCAN Ltd (NICN) Stock Price Prediction 2024
NiCAN Ltd (NICN) started off in 2024 with a 170% blast in its price that made the share price go from 0.050 CAD to 0.135 CAD. For the next 3 months, NICN’s price traded in downward momentum. In the next four months, the stock made consecutive lows to reach 0.035 CAD. In August and September, the price of NiCAN Ltd (NICN) has grown by 28.57% and 33.33% respectively due to which the price has reached 0.060 CAD.
| Month | Share price in CAD |
| January | 0.050 |
| February | 0.140 |
| March | 0.100 |
| April | 0.120 |
| May | 0.100 |
| June | 0.075 |
| July | 0.055 |
| August | 0.040 |
| September | 0.045 |
| October | 0.075 |
| November | 0.090 |
| December | 0.105 |
NiCAN Ltd (NICN) Stock Price Prediction 2025
The average price of the stock of NiCAN Ltd (NICN) for 2025 will be CAD 0.123, with a high forecast of CAD 0.135, and a lower forecast of CAD 0.112.
| Month | Share price in CAD |
| January | 0.112 |
| February | 0.114 |
| March | 0.116 |
| April | 0.118 |
| May | 0.120 |
| June | 0.122 |
| July | 0.124 |
| August | 0.126 |
| September | 0.128 |
| October | 0.131 |
| November | 0.133 |
| December | 0.135 |
NiCAN Ltd (NICN) Stock Price Prediction 2026
The average price of the stock of NiCAN Ltd (NICN) for 2026 will be CAD 0.152, with a high forecast of CAD 0.166, and a lower forecast of CAD 0.138.
| Month | Share price in CAD |
| January | 0.138 |
| February | 0.140 |
| March | 0.142 |
| April | 0.145 |
| May | 0.147 |
| June | 0.150 |
| July | 0.153 |
| August | 0.155 |
| September | 0.158 |
| October | 0.161 |
| November | 0.164 |
| December | 0.166 |
NiCAN Ltd (NICN) Stock Price Prediction 2027
The average price of the stock of NiCAN Ltd (NICN) for 2027 will be CAD 0.186, with a high forecast of CAD 0.205, and a lower forecast of CAD 0.169.
| Month | Share price in CAD |
| January | 0.169 |
| February | 0.172 |
| March | 0.175 |
| April | 0.178 |
| May | 0.181 |
| June | 0.185 |
| July | 0.188 |
| August | 0.191 |
| September | 0.194 |
| October | 0.198 |
| November | 0.201 |
| December | 0.205 |
NiCAN Ltd (NICN) Stock Price Prediction 2028
The average price of the stock of NiCAN Ltd (NICN) for 2028 will be CAD 0.229, with a high forecast of CAD 0.252, and a lower forecast of CAD 0.208.
| Month | Share price in CAD |
| January | 0.208 |
| February | 0.212 |
| March | 0.216 |
| April | 0.219 |
| May | 0.223 |
| June | 0.227 |
| July | 0.231 |
| August | 0.235 |
| September | 0.239 |
| October | 0.243 |
| November | 0.247 |
| December | 0.252 |
NiCAN Ltd (NICN) Stock Price Prediction 2029
The average price of the stock of NiCAN Ltd (NICN) for 2029 will be CAD 0.282, with a high forecast of CAD 0.310, and a lower forecast of CAD 0.256.
| Month | Share price in CAD |
| January | 0.256 |
| February | 0.261 |
| March | 0.265 |
| April | 0.270 |
| May | 0.274 |
| June | 0.279 |
| July | 0.284 |
| August | 0.289 |
| September | 0.294 |
| October | 0.299 |
| November | 0.304 |
| December | 0.310 |
NiCAN Ltd (NICN) Stock Price Prediction 2030
The average price of the stock of NiCAN Ltd (NICN) for 2030 will be CAD 0.347, with a high forecast of CAD 0.381, and a lower forecast of CAD 0.315.
| Month | Share price in CAD |
| January | 0.315 |
| February | 0.321 |
| March | 0.326 |
| April | 0.332 |
| May | 0.338 |
| June | 0.343 |
| July | 0.349 |
| August | 0.356 |
| September | 0.362 |
| October | 0.368 |
| November | 0.374 |
| December | 0.381 |
NiCAN Ltd (NICN) Stock Price Prediction 2035
The average price of the stock of NiCAN Ltd (NICN) for 2035 will be CAD 0.977, with a high forecast of CAD 1.072, and a lower forecast of CAD 0.887.
| Month | Share price in CAD |
| January | 0.887 |
| February | 0.902 |
| March | 0.918 |
| April | 0.934 |
| May | 0.950 |
| June | 0.967 |
| July | 0.984 |
| August | 1.001 |
| September | 1.018 |
| October | 1.036 |
| November | 1.054 |
| December | 1.072 |
NiCAN Ltd (NICN) Stock Price Prediction 2040
The average price of the stock of NiCAN Ltd (NICN) for 2040 will be CAD 2.751, with a high forecast of CAD 3.019, and a lower forecast of CAD 2.497.
| Month | Share price in CAD |
| January | 2.497 |
| February | 2.541 |
| March | 2.585 |
| April | 2.630 |
| May | 2.676 |
| June | 2.722 |
| July | 2.770 |
| August | 2.818 |
| September | 2.867 |
| October | 2.917 |
| November | 2.967 |
| December | 3.019 |
NiCAN Ltd (NICN) Stock Price Prediction 2045
The average price of the stock of NiCAN Ltd (NICN) for 2045 will be CAD 7.744, with a high forecast of CAD 8.500, and a lower forecast of CAD 7.031.
| Month | Share price in CAD |
| January | 7.031 |
| February | 7.153 |
| March | 7.277 |
| April | 7.404 |
| May | 7.533 |
| June | 7.664 |
| July | 7.797 |
| August | 7.933 |
| September | 8.071 |
| October | 8.211 |
| November | 8.354 |
| December | 8.500 |
NiCAN Ltd (NICN) Stock – Historical Pricing:
NiCAN Ltd was listed on the Toronto Venture Exchange in August 2022. So, the stock is relatively new to the stock market.
| NiCAN Ltd (NICN) historical stock price year | Historical Opening Price | Historical Closing Price |
| NiCAN Ltd (NICN) historical stock price 2022 | 0.350 CAD | 0.100 CAD |
| NiCAN Ltd (NICN) historical stock price 2023 | 0.100 CAD | 0.050 CAD |
NiCAN Ltd (NICN) Stock Historical Pricing 2022
The initial price of NiCAN Ltd (NICN) at the time of listing was 0.350 CAD. In that year, the stock price didn’t show any growth in any of the months for which it traded on TSXV. The stock price went down by 21.05% in September 2022, 26.67% in October 2022, and 9.09% in November 2022. This put an end to the stock price for 2022 at 0.100 CAD.
| Month | Opening price | Closing price |
| August | 0.350 CAD | 0.140 CAD |
| September | 0.190 CAD | 0.150 CAD |
| October | 0.170 CAD | 0.110 CAD |
| November | 0.110 CAD | 0.100 CAD |
| December | 0.105 CAD | 0.100 CAD |
NiCAN Ltd (NICN) Stock Historical Pricing 2023
In 2023, NiCAN Ltd (NICN) traded for the complete year for the share price to rise only for two months, namely in March and August. In January, the stock price was down by 15% from December’s LTP. In February, the closing price was 0.070 CAD which was 17.65% down from January’s closing price.
From April to July 2023, the stock price made consecutive lows, resulting in the price closing at 0.050 CAD against 0.115 CAD, the starting price of April 2023. The stock price made a 20% upward movement in August 2023, which led the stock to 0.070 CAD. The final price of NiCAN Ltd (NICN) for 2023 was 0.050 CAD.
| Month | Opening price | Closing price |
| January | 0.100 CAD | 0.085 CAD |
| February | 0.080 CAD | 0.070 CAD |
| March | 0.075 CAD | 0.110 CAD |
| April | 0.115 CAD | 0.080 CAD |
| May | 0.085 CAD | 0.070 CAD |
| June | 0.075 CAD | 0.065 CAD |
| July | 0.070 CAD | 0.050 CAD |
| August | 0.055 CAD | 0.060 CAD |
| September | 0.060 CAD | 0.055 CAD |
| October | 0.055 CAD | 0.050 CAD |
| November | 0.055 CAD | 0.045 CAD |
| December | 0.050 CAD | 0.050 CAD |
NiCAN Ltd (NICN) Stock Price – Technical Analysis:
Chart and trend analysis:
After recovering from the chronicle downtrend, the price of NiCAN Ltd (NICN) changed in momentum in January 2024 with a 170% rise in the stock price. Then the trend changed to a sideways trend and remained in the phase from February 2024 to April 2024. The company’s shares changed its momentum to a downtrend again in May. Recently in the last two months, the price of the stock has been trading in an uptrend.
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Indicator analysis:
As the stock has been trading in the stock market for around 2 years, it will be best to analyze the indicator’s signal on the weekly time frame. So, analyzing the stock’s technical on the weekly time frame tells us that the value of RSI (14) of NiCAN Ltd (NICN) is 50.494.
NiCAN Ltd (NICN) Stock Price – Fundamental Analysis:
Company financial overview:
The company generated an earning of -0.0300 per share as of the last available data. As of the financial report of Q1-2024, NiCAN Ltd (NICN) possess a total cash asset of $2.72M which was at $1.33M in the last quarter of 2023.
The company has a liability of 1.37M as of March 31, 2024.
NiCAN Ltd (NICN) Stock Price Prediction: FAQs
Is NiCAN Ltd generating profit or loss?
NiCAN Ltd, as of the year-ending financial report of 2023, generated a total loss of 3.57M CAD.
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