First Atlantic Nickel (CVE:FAN) Shares Down 11.8% – Should You Sell?

First Atlantic Nickel Corp. (CVE:FAN) fell 11.8% on Friday . The stock traded as low as C$0.90 and last traded at C$0.90. 2,126,260 shares traded hands during trading, an increase of 160% from the average session volume of 816,409 shares. The stock had previously closed at C$1.02.

First Atlantic Nickel Price Performance

The company has a 50-day moving average of C$0.67 and a two-hundred day moving average of C$0.38. The stock has a market capitalization of C$137.15 million, a PE ratio of -45.00 and a beta of 2.95.

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.