Falco Resources (CVE:FPC) Trading Down 2.4% – Here’s What Happened

Falco Resources Ltd. (CVE:FPC) shares fell 2.4% during trading on Thursday . The stock traded as low as C$0.41 and last traded at C$0.41. 577,552 shares were traded during trading, an increase of 16% from the average session volume of 498,828 shares. The stock had previously closed at C$0.42.

Falco Resources Price Performance

The company’s fifty day moving average price is C$0.41 and its 200 day moving average price is C$0.40. The company has a market capitalization of C$140.69 million, a P/E ratio of -40.50 and a beta of 1.07. The company has a quick ratio of 0.33, a current ratio of 0.25 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.