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

First Atlantic Nickel Corp. (CVE:FAN) 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 were traded 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 Up 30.0 %

The business has a 50-day moving average of C$0.22 and a two-hundred day moving average of C$0.16. The firm has a market capitalization of C$24.23 million, a price-to-earnings ratio of -8.13 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.