Falco Resources (CVE:FPC) Stock Price Down 25.8% – Here’s Why

Falco Resources Ltd. (CVE:FPC) shares traded down 25.8% during trading on Wednesday . The stock traded as low as C$0.20 and last traded at C$0.23. 2,304,385 shares were traded during trading, an increase of 255% from the average session volume of 649,814 shares. The stock had previously closed at C$0.31.

Falco Resources Price Performance

The company has a debt-to-equity ratio of 71.48, a current ratio of 0.11 and a quick ratio of 0.33. The firm has a market capitalization of C$64.43 million, a price-to-earnings ratio of -23.00 and a beta of 1.59. The stock has a 50 day moving average price of C$0.32 and a two-hundred day moving average price of C$0.31.

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.