FPX Nickel (CVE:FPX) Trading Up 1.4% – Still a Buy?

Shares of FPX Nickel Corp. (CVE:FPX) were up 1.4% during trading on Friday . The company traded as high as C$0.35 and last traded at C$0.35. 6,619 shares changed hands during trading, a decline of 94% from the average session volume of 104,659 shares. The stock had previously closed at C$0.34.

FPX Nickel Stock Up 1.4%

The company has a quick ratio of 8.25, a current ratio of 15.26 and a debt-to-equity ratio of 0.11. The company has a market capitalization of C$110.47 million, a P/E ratio of -17.50 and a beta of 1.04. The firm has a 50-day moving average price of C$0.40 and a two-hundred day moving average price of C$0.48.

Insider Buying and Selling

In related news, insider Allyn Knoche bought 113,000 shares of the business’s stock in a transaction that occurred on 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 purchase, the insider directly owned 39,031,624 shares in the company, valued at C$13,661,068.40. This trade represents a 0.29% increase in their ownership of the stock. 25.90% of the stock is currently owned by 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.