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

Shares of Falco Resources Ltd. (CVE:FPC – Get Free Report) traded down 25.8% during trading on Tuesday . The company traded as low as C$0.20 and last traded at C$0.23. 2,304,385 shares changed hands during mid-day trading, an increase of 255% from the average session volume of 649,814 shares. The stock had previously closed at C$0.31.

Falco Resources Trading Down 25.8 %

The business’s 50-day simple moving average is C$0.33 and its two-hundred day simple moving average is C$0.31. The company has a current ratio of 0.11, a quick ratio of 0.33 and a debt-to-equity ratio of 71.48. The company has a market capitalization of C$64.43 million, a PE ratio of -23.00 and a beta of 1.59.

About Falco Resources

(Get Free Report)

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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