First Atlantic Nickel (CVE:FAN) Shares Up 30% – Here’s What Happened

Shares of First Atlantic Nickel Corp. (CVE:FAN) were up 30% during mid-day trading on Thursday . The stock traded as high as C$0.35 and last traded at C$0.33. Approximately 2,223,805 shares were traded during trading, an increase of 583% from the average daily volume of 325,827 shares. The stock had previously closed at C$0.25.

First Atlantic Nickel Price Performance

The stock has a market capitalization of C$21.62 million, a P/E ratio of -7.25 and a beta of 0.80. The company 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.