FPX Nickel (CVE:FPX) Trading Up 1.4% – Still a Buy?

FPX Nickel Corp. (CVE:FPX)’s stock price was up 1.4% during mid-day trading on Friday . The company traded as high as C$0.35 and last traded at C$0.35. 6,619 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 104,659 shares. The stock had previously closed at C$0.34.

FPX Nickel Stock Performance

The stock has a market cap of C$110.47 million, a price-to-earnings ratio of -17.50 and a beta of 1.04. The company has a debt-to-equity ratio of 0.11, a quick ratio of 8.25 and a current ratio of 15.26. The stock’s 50-day simple moving average is C$0.40 and its two-hundred day simple moving average is C$0.48.

Insider Activity

In other FPX Nickel news, insider Allyn Knoche acquired 113,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were acquired at an average cost of C$0.35 per share, for a total transaction of C$39,550.00. Following the completion of the purchase, the insider owned 39,031,624 shares of the company’s stock, valued at approximately C$13,661,068.40. This trade represents a 0.29% increase in their position. Corporate insiders own 25.90% of the company’s stock.

FPX Nickel Company Profile

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.