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

First Atlantic Nickel Corp. (CVE:FAN)’s share price traded up 30% on Thursday . The stock traded as high as C$0.35 and last traded at C$0.33. 2,223,805 shares traded hands during 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 Stock Performance

The stock has a market cap of C$24.23 million, a P/E ratio of -8.13 and a beta of 0.80. The business’s 50-day moving average price is C$0.22 and its 200-day moving average price is C$0.16.

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.