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

Falco Resources Ltd. (CVE:FPC) dropped 25.8% on Wednesday . The stock traded as low as C$0.20 and last traded at C$0.23. Approximately 2,304,385 shares traded 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 company has a debt-to-equity ratio of 71.48, a current ratio of 0.11 and a quick ratio of 0.33. The firm has a market cap of C$61.63 million, a price-to-earnings ratio of -22.00 and a beta of 1.59. The firm has a fifty day simple moving average of C$0.32 and a two-hundred day simple moving average of 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.