Pure Nickel (CVE:NIC) Shares Up 20%

Pure Nickel Inc. (CVE:NIC) shot up 20% during trading on Thursday . The company traded as high as C$0.07 and last traded at C$0.06, 167,000 shares changed hands during trading. A decline of 29% from the average session volume of 235,888 shares. The stock had previously closed at C$0.05.

The company has a market cap of $4.87 million and a P/E ratio of -4.29. The business’s 50 day simple moving average is C$0.05 and its 200 day simple moving average is C$0.03.

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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