Falco Resources (CVE:FPC) Trading Down 25.8% – Time to Sell?

by · The Cerbat Gem

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

Falco Resources Stock Up 2.3 %

The stock has a 50-day moving average price of C$0.32 and a 200-day moving average price of C$0.31. The company has a market capitalization of C$61.63 million, a P/E ratio of -22.00 and a beta of 1.59. The company has a debt-to-equity ratio of 71.48, a current ratio of 0.11 and a quick ratio of 0.33.

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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