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

First Atlantic Nickel Corp. (CVE:FAN)’s share price was up 17.5% during mid-day trading on Tuesday . The stock traded as high as C$0.24 and last traded at C$0.24. Approximately 985,251 shares were traded during mid-day trading, an increase of 61% from the average daily volume of 611,023 shares. The stock had previously closed at C$0.20.

First Atlantic Nickel Price Performance

The firm’s 50 day moving average price is C$0.22 and its 200-day moving average price is C$0.20. The stock has a market cap of C$26.80 million, a P/E ratio of -8.00 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.