First Atlantic Nickel (CVE:FAN) Trading 24% Higher – Still a Buy?

First Atlantic Nickel Corp. (CVE:FANGet Free Report) shares shot up 24% during mid-day trading on Wednesday . The stock traded as high as C$0.33 and last traded at C$0.31. 1,688,925 shares changed hands during trading, an increase of 441% from the average session volume of 312,113 shares. The stock had previously closed at C$0.25.

First Atlantic Nickel Stock Up 32.0 %

The firm’s 50 day simple moving average is C$0.22 and its 200-day simple moving average is C$0.16. The company has a market capitalization of C$24.60 million, a PE ratio of -8.25 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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