First Atlantic Nickel (CVE:FAN) Sets New 52-Week High – Here’s Why

First Atlantic Nickel Corp. (CVE:FAN) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$0.28 and last traded at C$0.28, with a volume of 697209 shares traded. The stock had previously closed at C$0.27.

First Atlantic Nickel Stock Up 3.7%

The company has a market capitalization of C$36.03 million, a price-to-earnings ratio of -9.33 and a beta of 2.46. The stock has a 50 day simple moving average of C$0.24 and a 200 day simple moving average of C$0.22.

First Atlantic Nickel Company Profile

First Atlantic Nickel Corp. engages in the identification, evaluation, and acquisition of mineral properties in Canada. It explores for nickel, copper, silver, cobalt, gold, and molybdenum deposits. Its flagship project is the 100% owned option to acquire TL Nickel Project located in the Churchill Province of Labrador, Canada. The company was formerly known as Avante Mining Corp. and changed its name to First Atlantic Nickel Corp. in April 2024. First Atlantic Nickel Corp. was incorporated in 2011 and is headquartered in Vancouver, Canada.