First Atlantic Nickel (CVE:FAN) Stock Price Down 20%

First Atlantic Nickel Corp. (CVE:FAN) dropped 20% during mid-day trading on Friday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 439,600 shares changed hands during trading, an increase of 364% from the average daily volume of 94,719 shares. The stock had previously closed at C$0.13.

First Atlantic Nickel Price Performance

The firm has a 50-day moving average price of C$0.63 and a 200-day moving average price of C$0.82.

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.