First Atlantic Nickel (CVE:FAN) Shares Up 17.5% – Still a Buy?

First Atlantic Nickel Corp. (CVE:FAN)’s share price traded up 17.5% on Tuesday . The company traded as high as C$0.24 and last traded at C$0.24. 930,231 shares were traded during trading, an increase of 54% from the average session volume of 603,318 shares. The stock had previously closed at C$0.20.

First Atlantic Nickel Stock Up 17.5%

The firm has a market cap of C$26.24 million, a price-to-earnings ratio of -7.83 and a beta of 2.21. The firm has a 50 day moving average of C$0.22 and a 200 day moving average of C$0.20.

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.