First Cobalt (CVE:FCC) Stock Price Down 1.6% – Here’s Why

First Cobalt Corp. (CVE:FCCGet Free Report)’s stock price was down 1.6% during mid-day trading on Wednesday . The company traded as low as C$0.30 and last traded at C$0.31. Approximately 463,523 shares traded hands during trading, a decline of 60% from the average daily volume of 1,169,019 shares. The stock had previously closed at C$0.31.

First Cobalt Stock Performance

The company has a debt-to-equity ratio of 20.98, a quick ratio of 30.51 and a current ratio of 30.70. The stock has a 50 day moving average of C$0.30 and a 200 day moving average of C$0.30. The stock has a market capitalization of C$162.97 million and a P/E ratio of -7.26.

About First Cobalt

(Get Free Report)

First Cobalt Corp. acquires and explores for resource properties in the United States and Canada. The company primarily explores for cobalt and silver deposits. Its flagship project is the Iron Creek cobalt project, which covers an area of approximately 2,600 acres located in Lemhi County, Idaho. The company was formerly known as Aurgent Resource Corp.

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