First Nordic Metals (CVE:FNM) Shares Up 3.2% – Still a Buy?

First Nordic Metals Corp. (CVE:FNM – Get Free Report) shares shot up 3.2% during mid-day trading on Thursday. The company traded as high as C$2.00 and last traded at C$1.96. Approximately 448,494 shares were traded during trading, an increase of 234% from the average daily volume of 134,454 shares. The stock had previously closed at C$1.90.

First Nordic Metals Stock Performance

The firm has a 50 day simple moving average of C$1.96 and a 200 day simple moving average of C$1.96. The firm has a market cap of C$346.24 million, a P/E ratio of -5.44 and a beta of 1.85.

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