Falco Resources (CVE:FPC) Hits New 52-Week High – What’s Next?

Falco Resources Ltd. (CVE:FPC)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.49 and last traded at C$0.49, with a volume of 1288020 shares trading hands. The stock had previously closed at C$0.45.

Falco Resources Price Performance

The business has a 50 day simple moving average of C$0.40 and a two-hundred day simple moving average of C$0.32. The firm has a market capitalization of C$170.85 million, a P/E ratio of -49.50 and a beta of 1.70. The company has a debt-to-equity ratio of 74.85, a quick ratio of 0.33 and a current ratio of 0.07.

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. Its principal asset includes the Horne 5 Project located in the former Horne mine. The company was formerly known as Falco Pacific Resource Group Inc and changed its name to Falco Resources Ltd.