First Atlantic Nickel (CVE:FAN) Stock Price Up 36% – Still a Buy?

First Atlantic Nickel Corp. (CVE:FANGet Free Report) shares shot up 36% during trading on Wednesday . The stock traded as high as C$0.35 and last traded at C$0.34. Approximately 2,169,605 shares traded hands during trading, an increase of 572% from the average session volume of 322,707 shares. The stock had previously closed at C$0.25.

First Atlantic Nickel Stock Up 30.0 %

The company has a fifty day moving average price of C$0.22 and a two-hundred day moving average price of C$0.16. The firm has a market capitalization of C$24.23 million, a price-to-earnings ratio of -8.13 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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