Shares of Falco Resources Ltd. (CVE:FPC – Get Free Report) dropped 25.8% during mid-day trading on Wednesday . The stock traded as low as C$0.20 and last traded at C$0.23. Approximately 2,304,385 shares changed hands during mid-day trading, an increase of 255% from the average daily volume of 649,814 shares. The stock had previously closed at C$0.31.
Falco Resources Stock Performance
The firm has a market cap 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 quick ratio of 0.33 and a current ratio of 0.11. The business’s 50-day simple moving average is C$0.32 and its 200 day simple moving average is C$0.31.
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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