Falco Resources (CVE:FPC) Shares Down 32.3% – Time to Sell?

Falco Resources Ltd. (CVE:FPC)’s share price dropped 32.3% on Tuesday . The stock traded as low as C$0.20 and last traded at C$0.21. Approximately 1,420,973 shares traded hands during mid-day trading, an increase of 331% from the average daily volume of 329,961 shares. The stock had previously closed at C$0.31.

Falco Resources Stock Up 4.7 %

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 business has a fifty day moving average of C$0.32 and a two-hundred day moving average of C$0.31. The company has a market cap of C$63.03 million, a price-to-earnings ratio of -22.50 and a beta of 1.59.

Falco Resources Company Profile

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.