FPX Nickel (CVE:FPX) Shares Up 2.8% – Here’s Why

FPX Nickel Corp. (CVE:FPX)’s stock price was up 2.8% on Friday . The company traded as high as C$0.36 and last traded at C$0.36. 1,817 shares traded hands during trading, a decline of 98% from the average daily volume of 113,244 shares. The stock had previously closed at C$0.35.

FPX Nickel Price Performance

The business has a 50 day moving average of C$0.45 and a 200 day moving average of C$0.50. The company has a debt-to-equity ratio of 0.11, a current ratio of 15.26 and a quick ratio of 8.25. The company has a market cap of C$115.21 million, a PE ratio of -18.25 and a beta of 1.04.

Insider Buying and Selling at FPX Nickel

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