Shares of First Atlantic Nickel Corp. (CVE:FAN – Get Free Report) shot up 30% on Thursday . The company traded as high as C$0.35 and last traded at C$0.33. 2,223,805 shares traded hands during mid-day trading, an increase of 583% from the average session volume of 325,827 shares. The stock had previously closed at C$0.25.
First Atlantic Nickel Price Performance
The stock has a fifty day moving average of C$0.22 and a 200 day moving average of C$0.16. The firm has a market capitalization of C$21.62 million, a P/E ratio of -7.25 and a beta of 0.80.
About First Atlantic Nickel
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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