First Atlantic Nickel (CVE:FAN) Shares Up 17.5% – Here’s What Happened

First Atlantic Nickel Corp. (CVE:FAN)’s share price rose 17.5% during trading on Tuesday . The company traded as high as C$0.24 and last traded at C$0.24. Approximately 985,251 shares traded hands during 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 Trading Up 17.5%

The business’s 50-day simple moving average is C$0.22 and its 200-day simple moving average is C$0.20. The company has a market capitalization of C$26.24 million, a PE ratio of -7.83 and a beta of 2.21.

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.