First Atlantic Nickel (CVE:FAN) Shares Pass Below 50-Day Moving Average – Here’s Why

First Atlantic Nickel Corp. (CVE:FAN)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.17 and traded as low as C$0.17. First Atlantic Nickel shares last traded at C$0.17, with a volume of 186,230 shares traded.

First Atlantic Nickel Stock Performance

The company has a market capitalization of C$12.67 million, a PE ratio of -4.25 and a beta of 0.80. The company’s 50-day moving average is C$0.18 and its 200 day moving average is C$0.13.

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.