Falco Resources (CVE:FPC) Shares Down 2.2% - Here's What Happened

Key Points

• Falco Resources Ltd. (CVE:FPC) experienced a 2.2% decline in share value during trading, dropping to C$0.22 with significantly decreased trading volume of 33,189 shares.
• The company's market capitalization is C$65.32 million, and it has a price-to-earnings ratio of -14.75, indicating a lack of profitability.
• Falco Resources is engaged in the exploration of mineral properties in Canada, specifically aiming to develop deposits of gold, zinc, copper, and silver in a significant area of 70,000 hectares in Québec.

Falco Resources Ltd. (CVE:FPC - ) fell 2.2% during trading on Tuesday . The company traded as low as C$0.22 and last traded at C$0.22. 33,189 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 243,904 shares. The stock had previously closed at C$0.23.

Falco Resources Price Performance

The stock's 50-day moving average price is C$0.24 and its 200 day moving average price is C$0.22. The firm has a market capitalization of C$65.32 million, a price-to-earnings ratio of -14.75 and a beta of 1.59. The company has a quick ratio of 0.33, a current ratio of 0.07 and a debt-to-equity ratio of 74.85.

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.

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