First Cobalt (CVE:FCC) Stock Price Down 1.6% – Time to Sell?

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

First Cobalt Price Performance

The company has a fifty day simple moving average of C$0.30 and a 200-day simple moving average of C$0.30. The company has a market cap of C$162.97 million and a P/E 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.

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.