FPX Nickel (CVE:FPX) Trading Down 2% - Time to Sell?

Key Points

• FPX Nickel Corp. stock price has decreased by 2% recently, trading between C$0.24 and C$0.25, with a significant drop in trading volume by 77% compared to its average.
• The company has a market cap of C$77.08 million and a P/E ratio of -30.47, indicating challenging profitability metrics.
• FPX Nickel, previously known as First Point Minerals Corp., focuses on nickel mining with its key asset being the Baptiste Nickel project in British Columbia.

FPX Nickel Corp. (CVE:FPX - Get Free Report)'s stock price dropped 2% during trading on Tuesday . The stock traded as low as C$0.24 and last traded at C$0.25. Approximately 11,983 shares were traded during trading, a decline of 77% from the average daily volume of 51,286 shares. The stock had previously closed at C$0.25.

FPX Nickel Stock Performance

The firm's 50-day moving average is C$0.25 and its 200 day moving average is C$0.25. The company has a current ratio of 15.48, a quick ratio of 8.25 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of C$80.22 million, a price-to-earnings ratio of -31.72 and a beta of 0.98.

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.