First Atlantic Nickel (CVE:FAN) Trading 30% Higher – Time to Buy?

First Atlantic Nickel Corp. (CVE:FANGet Free Report)’s stock price traded up 30% during trading on Thursday . The stock traded as high as C$0.35 and last traded at C$0.33. 2,223,805 shares traded 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’s fifty day simple moving average is C$0.22 and its 200 day simple moving average is C$0.16. The stock has a market capitalization of C$21.62 million, a P/E ratio of -7.25 and a beta of 0.80.

First Atlantic Nickel Company Profile

(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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