First Atlantic Nickel (CVE:FAN) Stock Price Down 7.1% – Here’s Why

First Atlantic Nickel Corp. (CVE:FAN)’s share price dropped 7.1% on Friday . The stock traded as low as C$0.32 and last traded at C$0.33. Approximately 342,816 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 363,019 shares. The stock had previously closed at C$0.35.

First Atlantic Nickel Price Performance

The firm has a market cap of C$24.97 million, a price-to-earnings ratio of -8.38 and a beta of 0.80. The stock’s fifty day moving average price is C$0.24 and its 200-day moving average price is C$0.18.

About First Atlantic Nickel

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.