Shares of Falco Resources Ltd. (CVE:FPC – Get Free Report) dropped 11.4% on Wednesday . The company traded as low as C$0.15 and last traded at C$0.16. Approximately 229,298 shares changed hands during mid-day trading, an increase of 6% from the average daily volume of 216,633 shares. The stock had previously closed at C$0.18.
Falco Resources Stock Performance
The company has a market cap of C$48.99 million, a price-to-earnings ratio of -11.06 and a beta of 1.59. The stock’s fifty day simple moving average is C$0.22 and its 200 day simple moving average is C$0.30. The company has a current ratio of 0.07, a quick ratio of 0.33 and a debt-to-equity ratio of 74.85.
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.
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