First Atlantic Nickel (CVE:FAN) Trading Up 2.1% – Here’s What Happened

First Atlantic Nickel Corp. (CVE:FAN) shares shot up 2.1% on Wednesday . The stock traded as high as C$0.98 and last traded at C$0.96. 189,511 shares changed hands during trading, a decline of 74% from the average session volume of 725,993 shares. The stock had previously closed at C$0.94.

First Atlantic Nickel Price Performance

The stock’s fifty day simple moving average is C$0.53 and its 200-day simple moving average is C$0.33. The stock has a market cap of C$128.69 million, a P/E ratio of -33.33 and a beta of 2.43.

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.