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

First Cobalt Corp. (CVE:FCC) shares dropped 1.6% during mid-day trading on Wednesday . The company traded as low as C$0.30 and last traded at C$0.30. Approximately 463,523 shares traded 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 Stock Performance

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

About First Cobalt

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.