First Atlantic Nickel (CVE:FAN) Stock Price Up 17.5% – Here’s What Happened

First Atlantic Nickel Corp. (CVE:FAN) rose 17.5% on Wednesday . The stock traded as high as C$0.24 and last traded at C$0.24. Approximately 1,055,651 shares were traded during trading, an increase of 72% from the average daily volume of 613,520 shares. The stock had previously closed at C$0.20.

First Atlantic Nickel Stock Performance

The firm has a fifty day simple moving average of C$0.22 and a 200 day simple moving average of C$0.20. The company has a market cap of C$27.35 million, a PE ratio of -8.17 and a beta of 2.21.

About First Atlantic Nickel

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.