Falco Resources (CVE:FPC) Shares Down 25.8% – Here’s Why

Falco Resources Ltd. (CVE:FPC) traded down 25.8% during mid-day trading on Wednesday . The stock traded as low as C$0.20 and last traded at C$0.23. 2,304,385 shares were traded during mid-day 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 Down 25.8 %

The firm has a market cap of C$64.43 million, a price-to-earnings ratio of -23.00 and a beta of 1.59. The stock has a 50-day moving average of C$0.32 and a 200-day moving average of C$0.31. The company has a current ratio of 0.11, a quick ratio of 0.33 and a debt-to-equity ratio of 71.48.

Falco Resources Company Profile

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.