Falco Resources Ltd. (CVE:FPC – Get Free Report) shares were up 23% during mid-day trading on Wednesday . The company traded as high as C$0.65 and last traded at C$0.61. 2,753,422 shares traded hands during trading, an increase of 456% from the average session volume of 494,927 shares. The stock had previously closed at C$0.50.
Falco Resources Trading Up 5.3%
The stock’s fifty day moving average price is C$0.48 and its 200 day moving average price is C$0.45. The company has a debt-to-equity ratio of 57.97, a current ratio of 0.24 and a quick ratio of 0.33. The stock has a market capitalization of C$209.95 million, a P/E ratio of -60.00 and a beta of 1.35.
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.
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