FPX Nickel (CVE:FPX) Trading 11.5% Higher – Still a Buy?

FPX Nickel Corp. (CVE:FPX) traded up 11.5% during trading on Monday . The company traded as high as C$0.58 and last traded at C$0.58. 101,672 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 120,728 shares. The stock had previously closed at C$0.52.

FPX Nickel Stock Performance

The firm has a market capitalization of C$179.76 million, a PE ratio of -28.50 and a beta of 0.77. The company has a debt-to-equity ratio of 0.20, a quick ratio of 8.25 and a current ratio of 11.74. The business’s fifty day simple moving average is C$0.48 and its 200-day simple moving average is C$0.49.

Insider Buying and Selling at FPX Nickel

In related news, Director Peter Joseph Marshall sold 44,500 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of C$0.60, for a total transaction of C$26,700.00. Following the completion of the transaction, the director directly owned 815,526 shares of the company’s stock, valued at approximately C$489,315.60. This trade represents a 5.17% decrease in their ownership of the stock. Corporate insiders own 25.90% of the company’s stock.

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.