Pure Nickel (CVE:NIC) Stock Price Up 27.3%

Pure Nickel Inc. (CVE:NIC)’s share price rose 27.3% during mid-day trading on Tuesday . The company traded as high as C$0.07 and last traded at C$0.07, approximately 120,000 shares were traded during mid-day trading. A decline of 47% from the average daily volume of 226,287 shares. The stock had previously closed at C$0.06.

The stock has a 50 day moving average of C$0.05 and a 200-day moving average of C$0.03. The firm has a market capitalization of $4.87 million and a P/E ratio of -4.29.

About Pure Nickel (CVE:NIC)

Pure Nickel Inc engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada and the United States. The company primarily explores for nickel, platinum group elements, copper, gold, and silver deposits, as well as other base and precious metals. It holds interests in the William Lake property with 55 claims covering approximately 10,566 hectares located in central Manitoba; the Manibridge property with 2 claims covering approximately 274 hectares located in Manitoba; and the Fond du Lac property comprising 4 contiguous claims covering approximately 19,713 hectares located in Saskatchewan.

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