FPX Nickel (CVE:FPX) Stock Price Up 2.8% – Should You Buy?

FPX Nickel Corp. (CVE:FPX)’s share price was up 2.8% during mid-day trading on Monday . The stock traded as high as C$0.36 and last traded at C$0.36. 7,687 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 99,382 shares. The stock had previously closed at C$0.35.

FPX Nickel Price Performance

The firm’s 50-day simple moving average is C$0.36 and its 200 day simple moving average is C$0.45. The company has a market cap of C$110.47 million, a P/E ratio of -17.50 and a beta of 1.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 8.25 and a current ratio of 15.26.

Insider Buying and Selling at FPX Nickel

In other FPX Nickel news, insider Allyn Knoche purchased 113,000 shares of the firm’s stock in a transaction dated 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 purchase, the insider directly owned 39,031,624 shares of the company’s stock, valued at C$13,661,068.40. The trade was a 0.29% 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.