FPX Nickel (CVE:FPX) Stock Price Up 10.7% – Here’s Why

FPX Nickel Corp. (CVE:FPX) was up 10.7% on Monday. The stock traded as high as C$0.31 and last traded at C$0.31. Approximately 143,452 shares changed hands during trading, an increase of 49% from the average session volume of 96,415 shares. The stock had previously closed at C$0.28.

FPX Nickel Stock Performance

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$102.65 million, a P/E ratio of -16.25 and a beta of 0.82. The business has a fifty day simple moving average of C$0.34 and a 200-day simple moving average of C$0.40.

Insider Buying and Selling at FPX Nickel

In other FPX Nickel news, insider Allyn Knoche purchased 278,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was bought at an average cost of C$0.30 per share, for a total transaction of C$83,400.00. Following the purchase, the insider directly owned 39,309,624 shares in the company, valued at C$11,792,887.20. The trade was a 0.71% increase in their ownership of the stock. 25.90% of the stock is 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.