Allyn Knoche Acquires 278,000 Shares of FPX Nickel (CVE:FPX) Stock

FPX Nickel Corp. (CVE:FPX) insider Allyn Knoche acquired 278,000 shares of the company’s stock in a transaction on Wednesday, September 23rd. The shares were purchased at an average cost of C$0.30 per share, with a total value of C$83,400.00. Following the completion of the purchase, the insider directly owned 39,309,624 shares of the company’s stock, valued at C$11,792,887.20. This trade represents a 0.71% increase in their ownership of the stock.

FPX Nickel Trading Up 1.8%

FPX stock traded up C$0.01 during mid-day trading on Thursday, reaching C$0.28. 33,012 shares of the stock traded hands, compared to its average volume of 96,537. FPX Nickel Corp. has a one year low of C$0.28 and a one year high of C$0.70. The stock has a market capitalization of C$90.01 million, a PE ratio of -14.25 and a beta of 0.82. The company has a debt-to-equity ratio of 0.14, a quick ratio of 8.25 and a current ratio of 14.56. The business has a 50-day moving average price of C$0.35 and a two-hundred day moving average price of C$0.41.

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.