First Atlantic Nickel (CVE:FAN) Trading Up 30% – Should You Buy?

First Atlantic Nickel Corp. (CVE:FANGet Free Report) traded up 30% during mid-day trading on Wednesday . The company traded as high as C$0.35 and last traded at C$0.33. 2,223,805 shares changed hands during 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 Trading Up 30.0 %

The company’s 50 day simple moving average is C$0.22 and its 200 day simple moving average is C$0.16. The stock has a market capitalization of C$24.23 million, a PE ratio of -8.13 and a beta of 0.80.

About First Atlantic Nickel

(Get Free Report)

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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