First Atlantic Nickel (CVE:FAN) Shares Cross Above 50-Day Moving Average – What’s Next?

First Atlantic Nickel Corp. (CVE:FAN) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.22 and traded as high as C$0.23. First Atlantic Nickel shares last traded at C$0.22, with a volume of 208,862 shares traded.

First Atlantic Nickel Stock Performance

The firm has a 50-day moving average of C$0.22 and a 200-day moving average of C$0.20. The firm has a market capitalization of C$24.56 million, a P/E ratio of -7.33 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.