Pure Nickel (CVE:NIC) Shares Up 27.3%

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

The stock has a market capitalization of $4.87 million and a price-to-earnings ratio of -4.29. The company’s 50-day moving average is C$0.05 and its 200-day moving average is C$0.03.

Pure Nickel Company Profile (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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