Shares of Falco Resources Ltd. (CVE:FPC – Get Free Report) dropped 25.8% during trading on Tuesday . The company traded as low as C$0.20 and last traded at C$0.23. Approximately 2,304,385 shares traded hands during mid-day trading, an increase of 255% from the average daily volume of 649,814 shares. The stock had previously closed at C$0.31.
Falco Resources Stock Performance
The company has a current ratio of 0.11, a quick ratio of 0.33 and a debt-to-equity ratio of 71.48. The company has a market cap of C$61.63 million, a PE ratio of -22.00 and a beta of 1.59. The firm’s 50-day simple moving average is C$0.32 and its two-hundred day simple moving average is C$0.31.
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.
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