Falco Resources (CVE:FPC) Shares Up 3.7% - Here's What Happened

Key Points

• Falco Resources Ltd. shares rose by 3.7% during trading, reaching a high of C$0.28 on Tuesday, with trading volume increasing by 74%.
• The company has a market capitalization of C$85.16 million and a substantial debt-to-equity ratio of 74.85, indicating potential financial risk.
• Falco Resources specializes in the exploration and development of mineral properties in Canada, particularly in the Rouyn-Noranda mining camp of Québec, focusing on base and precious metals.

Shares of Falco Resources Ltd. (CVE:FPC - ) were up 3.7% during trading on Tuesday . The stock traded as high as C$0.28 and last traded at C$0.28. Approximately 415,755 shares traded hands during trading, an increase of 74% from the average daily volume of 239,448 shares. The stock had previously closed at C$0.27.

Falco Resources Stock Up 3.7%

The company has a quick ratio of 0.33, a current ratio of 0.07 and a debt-to-equity ratio of 74.85. The firm has a market capitalization of C$85.16 million, a price-to-earnings ratio of 28.00 and a beta of 1.13. The stock has a 50 day moving average of C$0.24 and a 200 day moving average of C$0.22.

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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