FPX Nickel (CVE:FPX) Stock Price Up 2.4% - Time to Buy?

Key Points

• Shares of FPX Nickel jumped 2.4% intraday to as high as C$0.45 (last C$0.43) on volume of 27,797 shares, about an 80% decline versus average session volume.
• The company has a market cap of C$135.3M, a negative P/E (−21.5), very strong liquidity (current ratio 11.74, quick ratio 8.25), and 50‑day/200‑day moving averages of C$0.55 and C$0.48 respectively.
• Director Peter Joseph Marshall sold 44,500 shares at C$0.60 on Feb. 19, trimming his stake (insiders still own 25.9%), and FPX is a junior nickel developer focused on the Baptiste Nickel project in central British Columbia.

Shares of FPX Nickel Corp. (CVE:FPX - ) shot up 2.4% during mid-day trading on Monday . The stock traded as high as C$0.45 and last traded at C$0.43. 27,797 shares traded hands during trading, a decline of 80% from the average session volume of 141,328 shares. The stock had previously closed at C$0.42.

FPX Nickel Price Performance

The company has a current ratio of 11.74, a quick ratio of 8.25 and a debt-to-equity ratio of 0.20. The company has a market cap of C$135.31 million, a PE ratio of -21.50 and a beta of 0.16. The firm has a 50 day moving average of C$0.55 and a two-hundred day moving average of C$0.48.

Insider Buying and Selling

In other FPX Nickel news, Director Peter Joseph Marshall sold 44,500 shares of the business's stock in a transaction 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 sale, the director directly owned 815,526 shares of the company's stock, valued at approximately C$489,315.60. The trade was a 5.17% decrease in their ownership of the stock. Company 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.

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