Falco Resources (CVE:FPC) Trading Down 25.8% – What’s Next?

Shares of Falco Resources Ltd. (CVE:FPC) fell 25.8% during trading on Wednesday . 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 firm has a market capitalization of C$64.43 million, a P/E ratio of -23.00 and a beta of 1.59. The business has a 50-day moving average price of C$0.32 and a 200-day moving average price of C$0.31. The company has a quick ratio of 0.33, a current ratio of 0.11 and a debt-to-equity ratio of 71.48.

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.