Falco Resources (CVE:FPC) Trading Down 5.7% – Here’s Why

Falco Resources Ltd. (CVE:FPC) shares dropped 5.7% during mid-day trading on Wednesday . The company traded as low as C$0.17 and last traded at C$0.17. Approximately 88,798 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 214,863 shares. The stock had previously closed at C$0.18.

Falco Resources Stock Down 11.4 %

The company has a debt-to-equity ratio of 74.85, a quick ratio of 0.33 and a current ratio of 0.07. The stock’s 50 day simple moving average is C$0.23 and its 200 day simple moving average is C$0.31. The firm has a market cap of C$46.02 million, a P/E ratio of -10.39 and a beta of 1.59.

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.