First Atlantic Nickel Corp. (CVE:FAN – Get Free Report) shares dropped 7.1% during trading on Friday . The company traded as low as C$0.32 and last traded at C$0.33. Approximately 342,816 shares traded hands during trading, a decline of 6% from the average daily volume of 363,019 shares. The stock had previously closed at C$0.35.
First Atlantic Nickel Stock Performance
The stock has a market cap of C$24.97 million, a price-to-earnings ratio of -8.38 and a beta of 0.80. The company’s 50 day simple moving average is C$0.24 and its two-hundred day simple moving average is C$0.18.
About First Atlantic Nickel
First Atlantic Nickel Corp. engages in the identification, evaluation, and acquisition of mineral properties in Canada. It explores for nickel, copper, silver, cobalt, gold, and molybdenum deposits. Its flagship project is the 100% owned option to acquire TL Nickel Project located in the Churchill Province of Labrador, Canada.
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