First Atlantic Nickel (CVE:FAN) Trading Down 3.2% – Here’s Why

First Atlantic Nickel Corp. (CVE:FANGet Free Report) was down 3.2% on Friday . The company traded as low as C$0.22 and last traded at C$0.22. Approximately 167,615 shares were traded during trading, a decline of 35% from the average daily volume of 258,450 shares. The stock had previously closed at C$0.22.

First Atlantic Nickel Stock Down 12.6%

The business’s 50 day moving average is C$0.17 and its two-hundred day moving average is C$0.20. The firm has a market capitalization of C$18.65 million, a P/E ratio of -9.75 and a beta of 2.64.

About First Atlantic Nickel

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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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