FPX Nickel (TSXV:FPX) - Stock Price, News & Analysis

FPX Stock Overview

FPX Nickel Corp., a junior nickel mining company, engages in the acquisition, exploration, and development of mineral resource properties in Canada.

About the company

FPX fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 99.3% below our estimate of its fair value

Risk Analysis

Makes less than USD$1m in revenue (CA$0)

Earnings have declined by 24.2% per year over past 5 years

Does not have a meaningful market cap (CA$94M)

Shareholders have been diluted in the past year

FPX Nickel Corp. Competitors

Highland Copper

TSXV:HI

CA$84.7m

CVW CleanTech

TSXV:CVW

CA$94.2m

Goliath Resources

TSXV:GOT

CA$98.4m

Lithium Ionic

TSXV:LTH

CA$99.5m

Price History & Performance

Summary of all time highs, changes and price drops for FPX Nickel
Historical stock prices
Current Share Price	CA$0.29
52 Week High	CA$0.61
52 Week Low	CA$0.25
Beta	0.97
1 Month Change	-4.84%
3 Month Change	5.36%
1 Year Change	-38.54%
3 Year Change	-55.30%
5 Year Change	145.83%
Change since IPO	13.46%

Recent updates

Here's Why We're Not Too Worried About FPX Nickel's (CVE:FPX) Cash Burn Situation

Jan 17

Should You Take Comfort From Insider Transactions At FPX Nickel Corp. (CVE:FPX)?

Feb 22

What Type Of Shareholders Make Up FPX Nickel Corp.'s (CVE:FPX) Share Registry?

Dec 31

Shareholder Returns

	FPX	CA Metals and Mining	CA Market
7D	-3.3%	-2.1%	-3.0%
1Y	-38.5%	-8.3%	3.2%

Return vs Industry: FPX underperformed the Canadian Metals and Mining industry which returned -8.3% over the past year.

Return vs Market: FPX underperformed the Canadian Market which returned 3.2% over the past year.

Price Volatility

Is FPX's price volatile compared to industry and market?
FPX volatility
FPX Average Weekly Movement	8.4%
Metals and Mining Industry Average Movement	11.5%
Market Average Movement	9.1%
10% most volatile stocks in CA Market	18.3%
10% least volatile stocks in CA Market	3.1%

Stable Share Price: FPX's share price has been volatile over the past 3 months.

Volatility Over Time: FPX's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1995	n/a	Martin Turenne	www.fpxnickel.com

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. Fundamentals Summary

How do FPX Nickel's earnings and revenue compare to its market cap?
FPX fundamental statistics
Market cap	CA$94.46m
Earnings (TTM)	-CA$4.34m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-21.4x

P/E Ratio

Is FPX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FPX income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$4.34m
Earnings	-CA$4.34m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.014
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did FPX perform over the long term?

See historical performance and comparison

FPX Stock Overview

Rewards

Risk Analysis

FPX Nickel Corp. Competitors

TSXV:HI

CA$84.7m

TSXV:CVW

CA$94.2m

TSXV:GOT

CA$98.4m

TSXV:LTH

CA$99.5m

Price History & Performance

Recent News & Updates

FPX Nickel Corp., Annual General Meeting, May 29, 2024

Independent Non-Executive Chairman exercised options to buy CA$66k worth of stock.

Independent Director exercised options to buy CA$76k worth of stock.

FPX Nickel Corp. Appoints Kim Baird to Board of Directors

New major risk - Financial position

FPX Nickel Corp. announced that it has received CAD 14.450154 million in funding from Sumitomo Metal Mining Co., Ltd.

Recent updates

FPX Nickel Corp., Annual General Meeting, May 29, 2024

Independent Non-Executive Chairman exercised options to buy CA$66k worth of stock.

Independent Director exercised options to buy CA$76k worth of stock.

FPX Nickel Corp. Appoints Kim Baird to Board of Directors

New major risk - Financial position

FPX Nickel Corp. announced that it has received CAD 14.450154 million in funding from Sumitomo Metal Mining Co., Ltd.

FPX Nickel Corp. announced that it expects to receive CAD 14.450154 million in funding from Sumitomo Metal Mining Co., Ltd.

Here's Why We're Not Too Worried About FPX Nickel's (CVE:FPX) Cash Burn Situation

FPX Nickel Files Preliminary Feasibility Study for Baptiste Nickel Project

FPX Nickel Corp. Announces Appointment of Felicia De La Paz as Corporate Secretary

FPX Nickel (CVE:FPX) Is In A Good Position To Deliver On Growth Plans

New major risk - Financial position

FPX Nickel Corp. Appoints Tim Bekhuys as Senior Vice President, Sustainability & External Relations

Independent Non-Executive Chairman recently bought CA$56k worth of stock

New minor risk - Share price stability

FPX Nickel Corp. Announces Resignation of Chris Mitchell as Corporate Secretary

New minor risk - Market cap size

Fpx Nickel Corp. Confirms Optimization of Baptiste Process Flowsheet, Improving Recovery by 4% for Upcoming Preliminary Feasibility Study

FPX Nickel Corp. announced that it has received CAD 16.08 million in funding from Outokumpu Oyj

FPX Nickel Corp. Achieves Successful Production of Battery-Grade Nickel Sulphate from Optimized Refinery Flowsheet

We're Not Very Worried About FPX Nickel's (CVE:FPX) Cash Burn Rate

Independent Director recently sold CA$71k worth of stock

FPX Nickel Corp. Reports on Large-Scale Pilot Testwork, with Results Validating Baptiste Flowsheet and Overall Recovery Basis

FPX Nickel Corp. Commences Preliminary Feasibility Study on the Baptiste Nickel Project

President exercised options to buy CA$410k worth of stock.

FPX Nickel Announces Positive Step-Out Drill Results Expanding Van Target Mineralized Footprint to a Scale Comparable to Baptiste Nickel Deposit

Insider recently bought CA$75k worth of stock

FPX Nickel Confirms Continuation of Strong Nickel Mineralization in Step-Out Drilling At Van Target, Returning the Highest-Grade Near-Surface Nickel Interval To-Date

FPX Nickel Corp. announced that it has received CAD 12 million in funding

FPX Nickel Corp. announced that it expects to receive CAD 12 million in funding

Insufficient new directors

FPX Nickel Corp. Reports Updated Mineral Resource Estimate for the Baptiste Nickel Project At the Decar Nickel District in Central British Columbia

Independent Director recently sold CA$104k worth of stock

FPX Nickel Corp. Prepares Updated Mineral Resource Estimate for Baptiste Nickel Project with Inclusion of Total Nickel, Cobalt and Iron Grades

FPX Nickel Corp. Completes Van Target Step-Out Drilling Program at Decar Nickel District in Central British Columbia

We're Not Worried About FPX Nickel's (CVE:FPX) Cash Burn

FPX Nickel Corp. Scoping Study Outlines Development of Integrated Nickel Sulphate Operation for EV Battery Supply Chain At Baptiste Project in British Columbia

FPX Nickel Corp. Presents Results from Phase 2 and Initial Results from Phase 3 of an Ongoing Three-Phase Metallurgical Test Program of Baptiste Nickel Project

FPX Nickel Commences Van Target Step-Out Drilling Program At Decar Nickel District in Central British Columbia

CO2 Lock Corp. Appoints Cooper Quinn as President

FPX Nickel Corp. Executes Development Memorandum of Agreement with Indigenous Partner Binche Whut'en for the Decar Nickel District in Central British Columbia

FPX Nickel Completes Trade-Off Studies Demonstrating Tangible Improvements to the Baptiste Nickel Project

FPX Nickel Corp. Testing Continues to Demonstrate Potential for Significant Carbon Mineralization At Baptiste Nickel Project

FPX Nickel Corp. Plans Step-Out Drilling Program to Test Expansion of Significant New Nickel Discovery At Van Target

FPX Nickel Corp. Plans Step-Out Drilling Program to Test Expansion of Significant New Nickel Discovery At Van Target

Insider recently bought CA$51k worth of stock

We're Interested To See How FPX Nickel (CVE:FPX) Uses Its Cash Hoard To Grow

Insufficient new directors

FPX Nickel Corp. Appoints Anne Currie to Board of Directors

Independent Director exercised options and sold CA$130k worth of stock

FPX Nickel Corp. Announces Scoping Study for Production of Nickel Sulphate from Baptiste Project in British Columbia

FPX Nickel Corp Reports Final Results of Maiden Drill Program at Van Target Confirming Large-Scale Footprint of Higher-Grade, Near-Surface Nickel Mineralization Open for Significant Expansion

Insider recently bought CA$390k worth of stock

FPX Nickel Corp. Announces Results from Phase 1 of an Ongoing Three-Phase Metallurgical Test Program to Support the Continued Development of the Baptiste Nickel Project

Companies Like FPX Nickel (CVE:FPX) Can Afford To Invest In Growth

FPX Nickel Corp. Announces Completion of Drilling Programs At Decar Nickel District in Central British Columbia

FPX Nickel Commences Drilling Programs at Decar Nickel District in Central British Columbia

FPX Nickel Corp. Reports Expanded Field Tests Demonstrating the Baptiste Deposit Has Unique Potential to Become the Nickel Large-Scale, Carbon-Neutral Operation

Insider recently bought CA$420k worth of stock