First Atlantic Nickel (CVE:FAN) Trading 30% Higher – Still a Buy?

First Atlantic Nickel Corp. (CVE:FANGet Free Report) shares rose 30% on Thursday . The company traded as high as C$0.35 and last traded at C$0.33. Approximately 2,223,805 shares were traded during mid-day trading, an increase of 583% from the average daily volume of 325,827 shares. The stock had previously closed at C$0.25.

First Atlantic Nickel Stock Down 9.2 %

The stock has a market capitalization of C$21.99 million, a PE ratio of -7.38 and a beta of 0.80. The business’s 50-day moving average is C$0.22 and its two-hundred day moving average is C$0.16.

First Atlantic Nickel Company Profile

(Get Free Report)

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.

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