First Atlantic Nickel (CVE:FAN) Shares Down 10.9% – What’s Next?

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

First Atlantic Nickel Stock Up 2.0 %

The company’s fifty day moving average is C$0.12 and its two-hundred day moving average is C$0.11. The stock has a market cap of C$19.01 million, a price-to-earnings ratio of -6.38 and a beta of 0.80.

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.