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

FPX Nickel Corp. (CVE:FPX) traded up 11.5% during mid-day trading on Monday . The stock traded as high as C$0.58 and last traded at C$0.58. 101,672 shares changed hands during 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 Price Performance

The firm’s 50-day moving average is C$0.48 and its 200-day moving average is C$0.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 11.74 and a quick ratio of 8.25. The company has a market capitalization of C$179.76 million, a P/E ratio of -28.50 and a beta of 0.77.

Insiders Place Their Bets

In other FPX Nickel news, Director Peter Joseph Marshall sold 44,500 shares of FPX Nickel stock in a transaction that occurred 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 transaction, the director owned 815,526 shares of the company’s stock, valued at C$489,315.60. The trade was a 5.17% decrease 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.