First Cobalt (CVE:FCC) Shares Down 1.6% – Here’s What Happened

First Cobalt Corp. (CVE:FCC)’s share price dropped 1.6% on Wednesday . The stock traded as low as C$0.30 and last traded at C$0.31. Approximately 463,523 shares changed 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 Price Performance

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

About First Cobalt

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.