First Cobalt (CVE:FCC) Shares Down 1.6% – Here’s Why

First Cobalt Corp. (CVE:FCC) fell 1.6% during trading on Monday . The company traded as low as C$0.30 and last traded at C$0.31. 463,523 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 1,169,019 shares. The stock had previously closed at C$0.31.

First Cobalt Trading Down 1.6%

The company has a market cap of C$162.97 million and a price-to-earnings ratio of -7.26. The company has a debt-to-equity ratio of 20.98, a current ratio of 30.70 and a quick ratio of 30.51. The business’s 50-day simple moving average is C$0.30 and its 200-day simple moving average is C$0.30.

First Cobalt Company Profile

First Cobalt Corp. acquires and explores for resource properties in the United States and Canada. The company primarily explores for cobalt and silver deposits. Its flagship project is the Iron Creek cobalt project, which covers an area of approximately 2,600 acres located in Lemhi County, Idaho. The company was formerly known as Aurgent Resource Corp. and changed its name to First Cobalt Corp. in September 2016. First Cobalt Corp. was incorporated in 2011 and is headquartered in Toronto, Canada.