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

First Atlantic Nickel Corp. (CVE:FAN)’s share price traded down 10.9% during trading on Monday . The company traded as low as C$0.20 and last traded at C$0.21. 508,929 shares changed 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 Performance

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

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.