First Atlantic Nickel (CVE:FAN) Trading 15% Higher – Here’s Why

First Atlantic Nickel Corp. (CVE:FAN)’s share price traded up 15% during trading on Tuesday . The stock traded as high as C$0.23 and last traded at C$0.23. 546,231 shares were traded during mid-day trading, a decline of 7% from the average session volume of 588,853 shares. The stock had previously closed at C$0.20.

First Atlantic Nickel Price Performance

The company has a fifty day moving average price of C$0.22 and a two-hundred day moving average price of C$0.20. The company has a market capitalization of C$26.24 million, a P/E ratio of -7.83 and a beta of 2.21.

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. 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.