First Atlantic Nickel (CVE:FAN) Stock Price Up 30% – What’s Next?

First Atlantic Nickel Corp. (CVE:FAN)’s stock price rose 30% during mid-day trading on Wednesday . 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 Price Performance

The stock has a 50 day moving average price of C$0.22 and a 200-day moving average price of C$0.16. The stock has a market capitalization of C$24.23 million, a price-to-earnings ratio of -8.13 and a beta of 0.80.

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.