FPX Nickel (CVE:FPX) Stock Price Up 2.8% – Time to Buy?

FPX Nickel Corp. (CVE:FPX)’s share price was up 2.8% on Monday . The stock traded as high as C$0.36 and last traded at C$0.36. Approximately 7,687 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 99,382 shares. The stock had previously closed at C$0.35.

FPX Nickel Stock Up 2.8%

The company has a market cap of C$115.21 million, a price-to-earnings ratio of -18.25 and a beta of 1.00. 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 business has a fifty day moving average of C$0.36 and a two-hundred day moving average of C$0.45.

Insider Activity at FPX Nickel

In other FPX Nickel news, insider Allyn Knoche acquired 113,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was acquired at an average cost of C$0.35 per share, for a total transaction of C$39,550.00. Following the completion of the transaction, the insider directly owned 39,031,624 shares of the company’s stock, valued at C$13,661,068.40. This represents a 0.29% increase in their ownership of the stock. 25.90% of the stock is owned by company insiders.

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.