First Atlantic Nickel (CVE:FAN) Shares Up 30% – Should You Buy?

First Atlantic Nickel Corp. (CVE:FANGet Free Report)’s stock price 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 changed hands during 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 Price Performance

The stock has a market capitalization of C$24.23 million, a P/E ratio of -8.13 and a beta of 0.80. The stock’s fifty day moving average is C$0.22 and its two-hundred day moving average is C$0.16.

About First Atlantic Nickel

(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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