First Atlantic Nickel (CVE:FAN) Trading Up 15% – What’s Next?

First Atlantic Nickel Corp. (CVE:FAN) shares were up 15% during mid-day trading on Tuesday . The stock traded as high as C$0.23 and last traded at C$0.23. Approximately 546,231 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 588,853 shares. The stock had previously closed at C$0.20.

First Atlantic Nickel Stock Performance

The company has a market cap of C$26.24 million, a P/E ratio of -7.83 and a beta of 2.21. The firm’s 50 day moving average price is C$0.22 and its two-hundred day moving average price is C$0.20.

About First Atlantic Nickel

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.