First Atlantic Nickel (CVE:FAN) Stock Price Up 30% – Here’s Why

First Atlantic Nickel Corp. (CVE:FAN) shares traded up 30% on Thursday . The company 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 business’s fifty day moving average is C$0.22 and its two-hundred day moving average is C$0.16. The company has a market cap of C$21.62 million, a P/E 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.