Falco Resources Ltd. (CVE:FPC – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.49 and traded as high as C$0.53. Falco Resources shares last traded at C$0.52, with a volume of 216,678 shares traded.
Falco Resources Trading Up 2.0%
The business’s fifty day moving average is C$0.49 and its two-hundred day moving average is C$0.46. The firm has a market cap of C$181.96 million, a price-to-earnings ratio of -52.00 and a beta of 1.31. The company has a quick ratio of 0.33, a current ratio of 0.24 and a debt-to-equity ratio of 57.97.
Insider Transactions at Falco Resources
In other news, Director Sean Roosen acquired 500,000 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was purchased at an average cost of C$0.61 per share, for a total transaction of C$305,000.00. Following the completion of the transaction, the director directly owned 2,527,832 shares in the company, valued at C$1,541,977.52. This trade represents a 24.66% increase in their ownership of the stock. 17.78% of the stock is currently owned by corporate insiders.
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. 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.
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