Shares of Falco Resources Ltd. (CVE:FPC – Get Free Report) dropped 25.8% during mid-day trading on Tuesday . The stock traded as low as C$0.20 and last traded at C$0.23. Approximately 2,304,385 shares were traded during trading, an increase of 255% from the average daily volume of 649,814 shares. The stock had previously closed at C$0.31.
Falco Resources Trading Down 25.8 %
The company has a market cap of C$64.43 million, a price-to-earnings ratio of -23.00 and a beta of 1.59. The business’s fifty day moving average price is C$0.32 and its 200 day moving average price is C$0.31. The company has a debt-to-equity ratio of 71.48, a current ratio of 0.11 and a quick ratio of 0.33.
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.
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