Falco Resources (CVE:FPC) Share Price Passes Below 50-Day Moving Average – What’s Next?

Falco Resources Ltd. (CVE:FPC)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.20 and traded as low as C$0.17. Falco Resources shares last traded at C$0.19, with a volume of 283,140 shares trading hands.

Falco Resources Trading Down 5.0 %

The business has a fifty day moving average price of C$0.20 and a 200 day moving average price of C$0.28. The firm has a market cap of C$56.41 million, a PE ratio of -12.74 and a beta of 1.59. The company has a current ratio of 0.07, a quick ratio of 0.33 and a debt-to-equity ratio of 74.85.

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.