Shares of First Atlantic Nickel Corp. (CVE:FAN – Get Free Report) rose 30% on Thursday . The company traded as high as C$0.35 and last traded at C$0.33. Approximately 2,223,805 shares changed hands during mid-day 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 Stock Performance
The stock has a 50 day moving average price of C$0.22 and a two-hundred day moving average price of C$0.16. The company has a market cap of C$21.62 million, a price-to-earnings 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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