First Atlantic Nickel (CVE:FAN) Shares Up 30% – Still a Buy?

First Atlantic Nickel Corp. (CVE:FAN)’s share price shot up 30% on Thursday . The company traded as high as C$0.35 and last traded at C$0.33. 2,223,805 shares changed hands during mid-day trading, an increase of 583% from the average session volume of 325,827 shares. The stock had previously closed at C$0.25.

First Atlantic Nickel Trading Down 9.2 %

The business’s fifty day simple moving average is C$0.22 and its two-hundred day simple moving average is C$0.16. The stock has a market capitalization of C$21.99 million, a P/E ratio of -7.38 and a beta of 0.80.

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.