First Atlantic Nickel (CVE:FAN) Sets New 1-Year High – What’s Next?

First Atlantic Nickel Corp. (CVE:FAN) shares hit a new 52-week high on Thursday . The company traded as high as C$0.24 and last traded at C$0.22, with a volume of 1016202 shares trading hands. The stock had previously closed at C$0.20.

First Atlantic Nickel Stock Performance

The stock has a market cap of C$15.65 million, a PE ratio of -5.38 and a beta of 0.80. The firm’s 50-day moving average is C$0.11 and its 200 day moving average is C$0.11.

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.