FPX Nickel (CVE:FPX) Stock Price Up 3.2% - Time to Buy?

Key Points

• FPX Nickel Corp. (CVE:FPX) saw its stock increase by 3.2%, trading at C$0.49, with a significant rise in trading volume by 200% compared to its average daily volume.
• The company has a market capitalization of C$154.29 million and a debt-to-equity ratio of 0.37, reflecting its strong financial position.
• FPX Nickel focuses on the acquisition, exploration, and development of nickel properties, with its flagship project being the Baptiste Nickel project in British Columbia.

FPX Nickel Corp. (CVE:FPX - ) was up 3.2% during mid-day trading on Friday . The company traded as high as C$0.49 and last traded at C$0.49. Approximately 213,322 shares changed hands during mid-day trading, an increase of 200% from the average daily volume of 71,186 shares. The stock had previously closed at C$0.48.

FPX Nickel Stock Up 3.2%

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$154.29 million, a price-to-earnings ratio of -24.50 and a beta of 0.38. The stock has a fifty day moving average of C$0.29 and a 200-day moving average of C$0.26.

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.

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