North American Nickel (CVE:NAN) Shares Down 40%

North American Nickel Inc. (CVE:NAN)’s share price dropped 40% during mid-day trading on Friday . The stock traded as low as C$0.02 and last traded at C$0.02, approximately 107,000 shares traded hands during mid-day trading. An increase of 38% from the average daily volume of 77,627 shares. The stock had previously closed at C$0.03.

The firm has a fifty day moving average of C$0.02 and a 200-day moving average of C$0.02. The firm has a market cap of $19.70 million and a P/E ratio of -3.75.

About North American Nickel (CVE:NAN)

North American Nickel Inc operates as a mineral exploration and resource development company. It engages in the exploration and development of mineral properties in Greenland, Canada, and the United States. The company's principal project is the Maniitsoq property, nickel-copper-cobalt-precious metal sulphide project that consists of two exploration licenses covering an area of 2,985 square kilometers located in Greenland.

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