First Atlantic Nickel Corp. (CVE:FAN – Get Free Report) dropped 7.9% on Thursday . The company traded as low as C$0.18 and last traded at C$0.18. Approximately 270,200 shares were traded during mid-day trading, an increase of 11% from the average daily volume of 243,433 shares. The stock had previously closed at C$0.19.
First Atlantic Nickel Price Performance
The company has a market cap of C$13.04 million, a price-to-earnings ratio of -4.38 and a beta of 0.80. The company’s 50-day simple moving average is C$0.16 and its 200-day simple moving average is C$0.12.
First Atlantic Nickel Company Profile
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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