Shares of Pure Nickel Inc. (CVE:NIC) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$0.06 and last traded at C$0.06, with a volume of 64000 shares changing hands. The stock had previously closed at C$0.05.

The company has a market capitalization of $4.87 million and a price-to-earnings ratio of -4.29. The firm has a 50-day moving average price of C$0.05 and a 200-day moving average price of 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.

Further Reading: Lock-Up Period Expiration

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