FPX Nickel (CVE:FPX) Trading Up 2.8% – Here’s What Happened

FPX Nickel Corp. (CVE:FPX) traded up 2.8% during trading on Friday . The stock traded as high as C$0.36 and last traded at C$0.36. Approximately 1,817 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 113,244 shares. The stock had previously closed at C$0.35.

FPX Nickel Trading Up 2.8%

The company has a debt-to-equity ratio of 0.11, a current ratio of 15.26 and a quick ratio of 8.25. The firm has a market capitalization of C$115.21 million, a P/E ratio of -18.25 and a beta of 1.04. The stock’s 50-day simple moving average is C$0.45 and its two-hundred day simple moving average is C$0.50.

Insider Activity

In other FPX Nickel news, insider Allyn Knoche bought 113,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were bought at an average price of C$0.35 per share, with a total value of C$39,550.00. Following the purchase, the insider owned 39,031,624 shares of the company’s stock, valued at C$13,661,068.40. This trade represents a 0.29% increase in their ownership of the stock. Corporate 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.