It is quite likely that the FPX Nickel Corp (OTCMKTS:FPOCF) stock is going to be on the radars of many investors this morning in light of the fact that it clocked gains of as much as 22% on Monday.
Trading Data
On Monday, FPOCF stock soared 22.73% to $0.67 with more than 717K shares, compared to its average volume of 145K shares. The stock moved within a range of $0.5500 – 0.6800 after opening trading at $0.5643.
FPX Nickel Announces Appointment of Principal Metallurgist – Kyle Marte, Former Senior Process Engineer with Fluor
Considering the magnitude of the gains, it could be a good time for investors to look into the announcement made by the company yesterday and then make their minds up about the FPX Nickel Corp stock. The company came into focus in a big way on Monday after it announced that it had appointed a new Principal Metallurgist in the form of Kyle Marte.
It was a major appointment for the company considering the fact that Marte has impeccable credentials in his field and the rally in the stock on Monday was perhaps not a complete surprise. He had been previously employed at Fluor Canada Ltd in the capacity of a Senior Process Engineer.
In that particular role, he had been involved in the metallurgical recovery of battery and base metals. It seems that it is an appointment that could eventually lead to a major boost for FPX Nickel Corp in the long run.
Key Quote
“We are excited to welcome Kyle to our growing team and look forward to leveraging his in-depth understanding of concentrator and hydrometallurgical processes in both base and battery metals,” commented Andrew Osterloh, FPX Nickel’s Vice-President, Projects.
Technical Data
FPOCF stock is trading above the 20-Day and 50-Day Moving averages of $0.53 and $0.48 respectively. However, the stock is trading below the 200-Day moving average of $0.54.
