Shares of First Atlantic Nickel Corp. (CVE:FAN – Get Free Report) dropped 5.7% on Friday . The company traded as low as C$0.32 and last traded at C$0.33. Approximately 324,816 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 362,137 shares. The stock had previously closed at C$0.35.
First Atlantic Nickel Price Performance
The company has a market capitalization of C$24.23 million, a P/E ratio of -8.13 and a beta of 0.80. The business’s 50-day moving average price is C$0.24 and its two-hundred day moving average price is C$0.18.
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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