FPX Nickel (CVE:FPX) Shares Up 2.4% – Here’s What Happened

FPX Nickel Corp. (CVE:FPX)’s stock price traded up 2.4% during trading on Monday . The company traded as high as C$0.45 and last traded at C$0.43. 27,797 shares were traded during trading, a decline of 80% from the average session volume of 141,328 shares. The stock had previously closed at C$0.42.

FPX Nickel Stock Performance

The company has a market capitalization of C$135.31 million, a PE ratio of -21.50 and a beta of 0.16. The business’s fifty day moving average is C$0.55 and its two-hundred day moving average is C$0.48. The company has a current ratio of 11.74, a quick ratio of 8.25 and a debt-to-equity ratio of 0.20.

Insider Activity at FPX Nickel

In other FPX Nickel news, Director Peter Joseph Marshall sold 44,500 shares of FPX Nickel stock in a transaction on Thursday, February 19th. The stock was sold at an average price of C$0.60, for a total value of C$26,700.00. Following the completion of the sale, the director owned 815,526 shares of the company’s stock, valued at approximately C$489,315.60. This trade represents a 5.17% decrease in their position. Insiders own 25.90% of the company’s stock.

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.