Shares of First Atlantic Nickel Corp. (CVE:FAN – Get Free Report) shot up 19.8% during trading on Wednesday . The stock traded as high as C$1.04 and last traded at C$1.03. Approximately 1,598,041 shares were traded during trading, an increase of 87% from the average session volume of 856,692 shares. The stock had previously closed at C$0.86.
First Atlantic Nickel Stock Performance
The company has a market cap of C$152.38 million, a PE ratio of -50.00 and a beta of 2.95. The stock’s 50 day moving average price is C$0.76 and its 200-day moving average price is C$0.42.
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.
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