Falco Resources (CVE:FPC) Stock Price Down 19.4% – Here’s Why

Falco Resources Ltd. (CVE:FPC)’s share price fell 19.4% during mid-day trading on Tuesday . The stock traded as low as C$0.20 and last traded at C$0.25. 2,203,762 shares changed hands during trading, an increase of 259% from the average session volume of 614,252 shares. The stock had previously closed at C$0.31.

Falco Resources Trading Up 4.7 %

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 market capitalization of C$63.03 million, a P/E ratio of -22.50 and a beta of 1.59. The company has a current ratio of 0.11, a quick ratio of 0.33 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.