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

First Cobalt Corp. (CVE:FCC)’s share price was down 1.6% during mid-day trading on Thursday . The stock traded as low as C$0.30 and last traded at C$0.31. Approximately 463,523 shares were traded 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 Price Performance

The company has a quick ratio of 30.51, a current ratio of 30.70 and a debt-to-equity ratio of 20.98. The firm’s fifty day moving average price is C$0.30 and its 200 day moving average price is C$0.30. The stock has a market cap of C$162.97 million and a PE ratio of -7.26.

First Cobalt Company Profile

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.