Falco Resources (CVE:FPC) Trading Down 25.8% – What’s Next?

by · The Cerbat Gem

Falco Resources Ltd. (CVE:FPC – Get Free Report) shares dropped 25.8% on Wednesday . The stock traded as low as C$0.20 and last traded at C$0.23. Approximately 2,304,385 shares traded hands during trading, an increase of 255% from the average daily volume of 649,814 shares. The stock had previously closed at C$0.31.

Falco Resources Price Performance

The firm has a market cap of C$61.63 million, a P/E ratio of -22.00 and a beta of 1.59. The company has a quick ratio of 0.33, a current ratio of 0.11 and a debt-to-equity ratio of 71.48. The business’s 50 day moving average is C$0.32 and its two-hundred day moving average is C$0.31.

About Falco Resources

(Get Free Report)

Falco Resources Ltd. engages in the exploration, evaluation, and development of mineral properties in Canada. It explores for base and precious metals, as well as gold, zinc, copper, and silver deposits. The company owns mining claims and contractual rights in relation to mining concessions covering an area of approximately 70,000 hectares of land in the Rouyn-Noranda mining camp located in the Province of Québec.

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