FPX Nickel (CVE:FPX) Stock Price Up 2.4% – Time to Buy?

Shares of FPX Nickel Corp. (CVE:FPX) shot up 2.4% during mid-day trading on Monday . The stock traded as high as C$0.45 and last traded at C$0.43. 27,797 shares traded hands during trading, a decline of 80% from the average session volume of 141,328 shares. The stock had previously closed at C$0.42.

FPX Nickel Price Performance

The company has a current ratio of 11.74, a quick ratio of 8.25 and a debt-to-equity ratio of 0.20. The company has a market cap of C$135.31 million, a PE ratio of -21.50 and a beta of 0.16. The firm has a 50 day moving average of C$0.55 and a two-hundred day moving average of C$0.48.

Insider Buying and Selling

In other FPX Nickel news, Director Peter Joseph Marshall sold 44,500 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of C$0.60, for a total value of C$26,700.00. Following the sale, the director directly owned 815,526 shares of the company’s stock, valued at approximately C$489,315.60. The trade was a 5.17% decrease in their ownership of the stock. Company insiders own 25.90% of the company’s stock.

FPX Nickel Company Profile

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.