Falco Resources (CVE:FPC) Reaches New 52-Week High – What’s Next?
by Sarita Garza · The Markets DailyFalco Resources Ltd. (CVE:FPC – Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as C$0.48 and last traded at C$0.46, with a volume of 1060437 shares changing hands. The stock had previously closed at C$0.43.
Falco Resources Stock Up 9.3%
The company has a fifty day moving average price of C$0.39 and a 200-day moving average price of C$0.32. The stock has a market capitalization of C$162.22 million, a P/E ratio of -47.00 and a beta of 1.70. The company has a quick ratio of 0.33, a current ratio of 0.07 and a debt-to-equity ratio of 74.85.
About Falco Resources
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. Its principal asset includes the Horne 5 Project located in the former Horne mine. The company was formerly known as Falco Pacific Resource Group Inc and changed its name to Falco Resources Ltd.