First Cobalt (CVE:FCC) Shares Down 1.6% – Should You Sell?

First Cobalt Corp. (CVE:FCC) shares dropped 1.6% on Wednesday. The stock traded as low as C$0.30 and last traded at C$0.30. 463,523 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 1,169,019 shares. The stock had previously closed at C$0.31.

First Cobalt Stock Down 1.6%

The company’s fifty day moving average price is C$0.30 and its 200-day moving average price is C$0.30. The stock has a market cap of C$162.97 million and a P/E ratio of -7.26. The company has a debt-to-equity ratio of 20.98, a quick ratio of 30.51 and a current ratio of 30.70.

First Cobalt Company Profile

First Cobalt Corp. acquires and explores for resource properties in the United States and Canada. The company primarily explores for cobalt and silver deposits. Its flagship project is the Iron Creek cobalt project, which covers an area of approximately 2,600 acres located in Lemhi County, Idaho. The company was formerly known as Aurgent Resource Corp. and changed its name to First Cobalt Corp. in September 2016. First Cobalt Corp. was incorporated in 2011 and is headquartered in Toronto, Canada.