Shares of First Atlantic Nickel Corp. (CVE:FAN – Get Free Report) were up 12.1% on Thursday . The company traded as high as C$0.38 and last traded at C$0.37. Approximately 520,181 shares traded hands during trading, an increase of 58% from the average daily volume of 328,361 shares. The stock had previously closed at C$0.33.
First Atlantic Nickel Stock Performance
The stock’s 50 day simple moving average is C$0.24 and its 200-day simple moving average is C$0.17. The firm has a market cap of C$27.58 million, a price-to-earnings ratio of -9.25 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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