First Atlantic Nickel (CVE:FAN) Hits New 52-Week High – Time to Buy?

Shares of First Atlantic Nickel Corp. (CVE:FAN) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$0.27 and last traded at C$0.26, with a volume of 576918 shares trading hands. The stock had previously closed at C$0.25.

First Atlantic Nickel Stock Performance

The business’s 50-day moving average price is C$0.13 and its 200-day moving average price is C$0.12. The stock has a market cap of C$19.75 million, a P/E ratio of -6.63 and a beta of 0.80.

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.