First Atlantic Nickel (CVE:FAN) Trading 30% Higher – Still a Buy?

First Atlantic Nickel Corp. (CVE:FANGet Free Report)’s share price traded up 30% on Thursday . The stock traded as high as C$0.35 and last traded at C$0.33. 2,223,805 shares changed hands during mid-day trading, an increase of 583% from the average session volume of 325,827 shares. The stock had previously closed at C$0.25.

First Atlantic Nickel Stock Performance

The company has a market cap of C$21.99 million, a PE ratio of -7.38 and a beta of 0.80. The company’s 50-day simple moving average is C$0.22 and its 200 day simple moving average is C$0.16.

About First Atlantic Nickel

(Get Free Report)

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.

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