First Atlantic Nickel (CVE:FAN) Shares Up 17.5% – Here’s Why

First Atlantic Nickel Corp. (CVE:FAN) shot up 17.5% during trading on Wednesday . The company traded as high as C$0.24 and last traded at C$0.24. 1,055,651 shares traded hands during trading, an increase of 72% from the average session volume of 613,520 shares. The stock had previously closed at C$0.20.

First Atlantic Nickel Trading Up 2.1%

The firm’s 50-day simple moving average is C$0.22 and its two-hundred day simple moving average is C$0.20. The stock has a market capitalization of C$27.35 million, a PE ratio of -8.17 and a beta of 2.21.

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. The company was formerly known as Avante Mining Corp. and changed its name to First Atlantic Nickel Corp. in April 2024. First Atlantic Nickel Corp. was incorporated in 2011 and is headquartered in Vancouver, Canada.