FPX Nickel (CVE:FPX) Trading Up 2.8% – Here’s What Happened

FPX Nickel Corp. (CVE:FPX) rose 2.8% on Friday . The stock traded as high as C$0.36 and last traded at C$0.36. Approximately 1,817 shares changed hands during trading, a decline of 98% from the average session volume of 113,244 shares. The stock had previously closed at C$0.35.

FPX Nickel Stock Performance

The company has a current ratio of 15.26, a quick ratio of 8.25 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is C$0.45 and its 200-day moving average is C$0.50. The company has a market capitalization of C$115.21 million, a P/E ratio of -18.25 and a beta of 1.04.

Insider Activity

In other news, insider Allyn Knoche purchased 113,000 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were bought at an average price of C$0.35 per share, for a total transaction of C$39,550.00. Following the purchase, the insider directly owned 39,031,624 shares in the company, valued at approximately C$13,661,068.40. This trade represents a 0.29% increase in their position. 25.90% of the stock is currently owned by corporate insiders.

About FPX Nickel

FPX Nickel Corp., a junior nickel mining company, engages in the acquisition, exploration, and development of mineral resource properties in Canada. Its flagship property is Baptiste Nickel project located in Decar Nickel District in central British Columbia. The company was formerly known as First Point Minerals Corp. and changed its name to FPX Nickel Corp. in May 2017. FPX Nickel Corp. was incorporated in 1995 and is headquartered in Vancouver, Canada.