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

First Atlantic Nickel Corp. (CVE:FAN)’s stock price rose 17.5% on Wednesday . The company traded as high as C$0.24 and last traded at C$0.24. Approximately 1,055,651 shares traded hands during mid-day 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 Up 17.5%

The company has a market capitalization of C$26.24 million, a price-to-earnings ratio of -7.83 and a beta of 2.21. The firm has a 50 day moving average price of C$0.22 and a two-hundred day moving average price of C$0.20.

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.