FPX Nickel (CVE:FPX) Shares Climb 3.7% – Here’s Why

FPX Nickel Corp. (CVE:FPX) shot up 3.7% on Monday. The stock traded as high as C$0.28 and last traded at C$0.28. Approximately 66,290 shares changed hands during trading, a decline of 33% from the average session volume of 98,315 shares. The stock had previously closed at C$0.27.

FPX Nickel Stock Down 1.9%

The company has a fifty day simple moving average of C$0.32 and a 200-day simple moving average of C$0.43. The company has a quick ratio of 8.25, a current ratio of 14.56 and a debt-to-equity ratio of 0.14. The firm has a market cap of C$83.70 million, a P/E ratio of -13.25 and a beta of 1.46.

Insider Buying and Selling at FPX Nickel

In related news, insider Allyn Knoche acquired 278,000 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were purchased at an average cost of C$0.30 per share, with a total value of C$83,400.00. Following the transaction, the insider directly owned 39,309,624 shares in the company, valued at approximately C$11,792,887.20. This represents a 0.71% increase in their ownership of the stock. 25.90% of the stock is currently owned by 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.