Falco Resources (CVE:FPC) Trading Down 3.8% – Here’s Why

Falco Resources Ltd. (CVE:FPC)’s share price traded down 3.8% during mid-day trading on Friday . The stock traded as low as C$0.26 and last traded at C$0.26. 155,220 shares were traded during trading, a decline of 25% from the average session volume of 207,973 shares. The stock had previously closed at C$0.27.

Falco Resources Trading Down 3.8 %

The company has a market capitalization of C$71.44 million, a P/E ratio of -25.50 and a beta of 1.59. The business has a 50 day moving average price of C$0.35 and a 200 day moving average price of 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.

About Falco Resources

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.