First Atlantic Nickel (CVE:FAN) Shares Pass Above 50 Day Moving Average – Here’s What Happened

First Atlantic Nickel Corp. (CVE:FAN)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$0.21 and traded as high as C$0.24. First Atlantic Nickel shares last traded at C$0.23, with a volume of 171,280 shares changing hands.

First Atlantic Nickel Price Performance

The stock’s 50-day moving average price is C$0.21 and its 200 day moving average price is C$0.19. The firm has a market capitalization of C$25.68 million, a PE ratio of -7.67 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.