FPX Nickel (CVE:FPX) Shares Up 7.9% – Should You Buy?

Shares of FPX Nickel Corp. (CVE:FPX) shot up 7.9% during mid-day trading on Monday . The company traded as high as C$0.48 and last traded at C$0.48. 61,212 shares traded hands during trading, a decline of 51% from the average session volume of 124,458 shares. The stock had previously closed at C$0.45.

FPX Nickel Price Performance

The stock’s 50-day moving average price is C$0.49 and its 200-day moving average price is C$0.49. The company has a market capitalization of C$152.95 million, a price-to-earnings ratio of -24.25 and a beta of 0.77. The company has a quick ratio of 8.25, a current ratio of 11.74 and a debt-to-equity ratio of 0.20.

Insider Activity

In other news, Director Peter Joseph Marshall sold 44,500 shares of the company’s 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 directly owned 815,526 shares in the company, valued at approximately C$489,315.60. This represents a 5.17% decrease in their ownership of the stock. 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.