FPX Nickel (CVE:FPX) Stock Price Up 2.8% – Still a Buy?

FPX Nickel Corp. (CVE:FPX)’s stock price was up 2.8% during mid-day trading on Monday . The company traded as high as C$0.36 and last traded at C$0.36. 7,687 shares were traded during mid-day trading, a decline of 92% from the average session volume of 99,382 shares. The stock had previously closed at C$0.35.

FPX Nickel Trading Up 2.8%

The firm has a market cap of C$115.21 million, a PE ratio of -18.25 and a beta of 1.00. The company has a 50-day simple moving average of C$0.36 and a 200 day simple moving average of C$0.45. The company has a current ratio of 15.26, a quick ratio of 8.25 and a debt-to-equity ratio of 0.11.

Insider Activity

In other news, insider Allyn Knoche purchased 113,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were purchased at an average cost of C$0.35 per share, with a total value of C$39,550.00. Following the completion of the acquisition, the insider owned 39,031,624 shares of the company’s stock, valued at approximately C$13,661,068.40. This represents a 0.29% increase in their position. 25.90% of the stock is currently 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.