First Atlantic Nickel Corp. (CVE:FAN – Get Free Report) shares rose 22% on Wednesday . The company traded as high as C$0.33 and last traded at C$0.31. Approximately 1,330,005 shares traded hands during mid-day trading, an increase of 356% from the average daily volume of 291,428 shares. The stock had previously closed at C$0.25.
First Atlantic Nickel Price Performance
The firm has a market cap of C$22.73 million, a P/E ratio of -7.63 and a beta of 0.80. The stock has a 50 day moving average of C$0.22 and a 200 day moving average of C$0.16.
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.
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