First Cobalt (CVE:FCC) Shares Down 1.6% – What’s Next?

by · The Cerbat Gem

First Cobalt Corp. (CVE:FCC – Get Free Report) shares dropped 1.6% during trading on Wednesday . The company traded as low as C$0.30 and last traded at C$0.31. Approximately 463,521 shares changed hands during 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 Performance

The firm has a 50-day simple moving average of C$0.30 and a 200 day simple moving average of C$0.30. The company has a market cap of C$162.97 million and a price-to-earnings ratio of -7.26. The company has a quick ratio of 30.51, a current ratio of 30.70 and a debt-to-equity ratio of 20.98.

About First Cobalt

(Get Free Report)

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.

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