FPX Nickel (CVE:FPX) Shares Up 11.5% – Here’s Why

FPX Nickel Corp. (CVE:FPX)’s stock price shot up 11.5% during mid-day trading on Monday . The stock traded as high as C$0.58 and last traded at C$0.58. 101,672 shares were traded during mid-day trading, a decline of 16% from the average session volume of 120,728 shares. The stock had previously closed at C$0.52.

FPX Nickel Stock Down 3.4%

The stock has a 50-day moving average of C$0.48 and a two-hundred day moving average of C$0.49. The company has a market cap of C$179.76 million, a P/E ratio of -28.50 and a beta of 0.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 8.25 and a current ratio of 11.74.

Insiders Place Their Bets

In related news, Director Peter Joseph Marshall sold 44,500 shares of the business’s stock in a transaction that occurred 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 in the company, valued at C$489,315.60. The trade was a 5.17% decrease in their position. 25.90% of the stock is owned by 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.