FPX Nickel (CVE:FPX) Stock Price Down 3% – Here’s Why

FPX Nickel Corp. (CVE:FPX)’s stock price was down 3% during mid-day trading on Monday . The company traded as low as C$0.33 and last traded at C$0.33. Approximately 29,578 shares traded hands during trading, a decline of 69% from the average daily volume of 94,997 shares. The stock had previously closed at C$0.34.

FPX Nickel Stock Down 3.0%

The company has a debt-to-equity ratio of 0.14, a current ratio of 14.56 and a quick ratio of 8.25. The company has a market capitalization of C$102.65 million, a price-to-earnings ratio of -16.25 and a beta of 0.82. The business has a 50 day simple moving average of C$0.35 and a 200 day simple moving average of C$0.43.

Insider Buying and Selling

In other news, insider Allyn Knoche bought 113,000 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was bought at an average cost of C$0.35 per share, with a total value of C$39,550.00. Following the transaction, the insider directly owned 39,031,624 shares in the company, valued at C$13,661,068.40. The trade was a 0.29% increase in their position. 25.90% of the stock is owned by company 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.