Shares of First Atlantic Nickel Corp. (CVE:FAN – Get Free Report) shot up 17.1% on Friday . The stock traded as high as C$0.24 and last traded at C$0.24. 610,708 shares were traded during mid-day trading, an increase of 178% from the average session volume of 219,546 shares. The stock had previously closed at C$0.21.
First Atlantic Nickel Stock Performance
The firm has a market capitalization of C$17.52 million, a price-to-earnings ratio of -5.88 and a beta of 0.80. The stock’s fifty day moving average is C$0.20 and its two-hundred day moving average is C$0.14.
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.
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