Falco Resources (CVE:FPC) Shares Pass Below 50-Day Moving Average – Here’s Why

Falco Resources Ltd. (CVE:FPC) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.46 and traded as low as C$0.44. Falco Resources shares last traded at C$0.44, with a volume of 235,287 shares trading hands.

Falco Resources Stock Performance

The firm has a fifty day moving average price of C$0.46 and a 200 day moving average price of C$0.38. The company has a debt-to-equity ratio of 57.62, a quick ratio of 0.33 and a current ratio of 0.25. The stock has a market cap of C$152.85 million, a PE ratio of -44.00 and a beta of 0.69.

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.