First Atlantic Nickel (CVE:FAN) Shares Up 14.6% – Time to Buy?

First Atlantic Nickel Corp. (CVE:FAN)’s share price shot up 14.6% during trading on Friday . The stock traded as high as C$0.25 and last traded at C$0.24. 730,144 shares traded hands during mid-day trading, an increase of 220% from the average session volume of 228,496 shares. The stock had previously closed at C$0.21.

First Atlantic Nickel Stock Performance

The firm has a market cap of C$17.89 million, a price-to-earnings ratio of -6.00 and a beta of 0.80. The business’s 50 day moving average price is C$0.20 and its 200 day moving average price is C$0.14.

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.