First Atlantic Nickel (CVE:FAN) Shares Pass Below 50 Day Moving Average – Should You Sell?

First Atlantic Nickel Corp. (CVE:FAN) shares crossed 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.

First Atlantic Nickel Stock Performance

The business’s 50 day moving average price is C$0.17 and its 200-day moving average price is C$0.13. The firm has a market cap of C$12.67 million, a price-to-earnings ratio of -4.25 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.