First Atlantic Nickel (CVE:FAN) Stock Price Down 10.9% – Time to Sell?

Shares of First Atlantic Nickel Corp. (CVE:FAN) were down 10.9% during mid-day trading on Monday . The company traded as low as C$0.20 and last traded at C$0.21. Approximately 508,929 shares changed hands during mid-day trading, an increase of 166% from the average daily volume of 191,575 shares. The stock had previously closed at C$0.23.

First Atlantic Nickel Trading Down 15.2 %

The company has a market cap of C$14.54 million, a PE ratio of -4.88 and a beta of 0.80. The business’s 50-day simple moving average is C$0.12 and its 200-day simple moving average is C$0.11.

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.