FPX Nickel (CVE:FPX) Shares Down 4.8% - Here's Why

Key Points

• FPX Nickel Corp.'s stock price fell 4.8% to C$0.30, with trading volume increasing 43% compared to the average daily volume.
• The company has a market capitalization of C$94.47 million and a PE ratio of -15.00, indicating a challenging financial landscape.
• FPX Nickel engages in the exploration and development of nickel resources in Canada, with its flagship project located in the Decar Nickel District of British Columbia.

FPX Nickel Corp. (CVE:FPX - Get Free Report)'s share price dropped 4.8% during mid-day trading on Thursday . The company traded as low as C$0.30 and last traded at C$0.30. Approximately 86,817 shares changed hands during trading, an increase of 43% from the average daily volume of 60,889 shares. The stock had previously closed at C$0.32.

FPX Nickel Stock Performance

The company has a market capitalization of C$94.47 million, a price-to-earnings ratio of -15.00 and a beta of -0.07. 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's fifty day simple moving average is C$0.25 and its 200-day simple moving average is C$0.25.

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.