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

Shares of First Cobalt Corp. (CVE:FCCGet Free Report) fell 1.6% during trading on Wednesday . The company traded as low as C$0.30 and last traded at C$0.31. 463,521 shares traded hands during trading, a decline of 60% from the average session volume of 1,169,019 shares. The stock had previously closed at C$0.31.

First Cobalt Stock Down 1.6 %

The company’s 50-day simple moving average is C$0.30 and its two-hundred day simple moving average is C$0.30. The firm has a market capitalization of C$162.97 million and a P/E ratio of -7.26. The company has a debt-to-equity ratio of 20.98, a current ratio of 30.70 and a quick ratio of 30.51.

First Cobalt Company Profile

(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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