FPX Nickel (CVE:FPX) Shares Down 12.1% – Here’s Why

Shares of FPX Nickel Corp. (CVE:FPXGet Free Report) dropped 12.1% during mid-day trading on Thursday . The stock traded as low as C$0.56 and last traded at C$0.58. Approximately 135,378 shares traded hands during trading, a decline of 60% from the average daily volume of 337,030 shares. The stock had previously closed at C$0.66.

FPX Nickel Trading Down 1.7%

The company has a debt-to-equity ratio of 0.37, a current ratio of 15.48 and a quick ratio of 8.25. The business’s fifty day simple moving average is C$0.44 and its 200 day simple moving average is C$0.35. The stock has a market cap of C$179.36 million, a price-to-earnings ratio of -57.00 and a beta of 0.30.

About FPX Nickel

(Get Free Report)

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.

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