Shares of First Atlantic Nickel Corp. (CVE:FAN – Get Free Report) shot up 30% during mid-day trading on Thursday . The stock traded as high as C$0.35 and last traded at C$0.33. Approximately 2,223,805 shares were traded during trading, an increase of 583% from the average daily volume of 325,827 shares. The stock had previously closed at C$0.25.
First Atlantic Nickel Price Performance
The firm has a 50-day simple moving average of C$0.22 and a 200 day simple moving average of C$0.16. The company has a market capitalization of C$24.23 million, a PE ratio of -8.13 and a beta of 0.80.
About First Atlantic Nickel
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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