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

First Atlantic Nickel Corp. (CVE:FAN)’s stock price shot up 30% on Thursday . The stock traded as high as C$0.35 and last traded at C$0.33. 2,223,805 shares were traded during 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 fifty day moving average price of C$0.22 and a two-hundred day moving average price of C$0.16. The company has a market cap of C$21.62 million, a price-to-earnings 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.