FPX Nickel (CVE:FPX) Shares Down 2.1% - Here's What Happened

Key Points

• Shares of FPX Nickel Corp. dropped 2.1%, trading at C$0.24 after hitting a low of C$0.23 during the session.
• The company has a market capitalization of C$73.93 million, with a PE ratio of -29.23 and a beta of 0.98.
• FPX Nickel specializes in the acquisition and development of mineral resources in Canada, with its flagship property being the Baptiste Nickel project in British Columbia.

FPX Nickel Corp. (CVE:FPX - Get Free Report)'s stock price fell 2.1% on Wednesday . The stock traded as low as C$0.23 and last traded at C$0.24. 14,000 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 53,299 shares. The stock had previously closed at C$0.24.

FPX Nickel Stock Up 2.2%

The company's 50 day moving average price is C$0.25 and its two-hundred day moving average price 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 stock has a market cap of C$74.01 million, a P/E ratio of -11.75 and a beta of -0.01.

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.