First Atlantic Nickel (CVE:FAN) Shares Up 30% – Here’s Why

First Atlantic Nickel Corp. (CVE:FAN) rose 30% during mid-day trading on Thursday . The stock 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 Price Performance

The firm has a fifty day simple moving average of C$0.22 and a 200-day simple moving average of C$0.16. The company has a market cap of C$21.62 million, a PE ratio of -7.25 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.