Falco Resources (CVE:FPC) Trading Down 6.3% – What’s Next?

Falco Resources Ltd. (CVE:FPC)’s stock price traded down 6.3% during trading on Thursday . The stock traded as low as C$0.34 and last traded at C$0.34. 318,494 shares traded hands during trading, a decline of 40% from the average session volume of 532,525 shares. The stock had previously closed at C$0.36.

Falco Resources Stock Down 6.3%

The stock has a market capitalization of C$118.11 million, a PE ratio of -34.00 and a beta of 0.69. The firm has a 50 day moving average of C$0.45 and a two-hundred day moving average of C$0.39. The company has a current ratio of 0.25, a quick ratio of 0.33 and a debt-to-equity ratio of 57.62.

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. Its principal asset includes the Horne 5 Project located in the former Horne mine. The company was formerly known as Falco Pacific Resource Group Inc and changed its name to Falco Resources Ltd.