Falco Resources (CVE:FPC) Trading Down 2.3% – Should You Sell?

Falco Resources Ltd. (CVE:FPC) dropped 2.3% on Tuesday . The stock traded as low as C$0.40 and last traded at C$0.43. Approximately 972,754 shares traded hands during trading, an increase of 51% from the average daily volume of 642,346 shares. The stock had previously closed at C$0.44.

Falco Resources Stock Performance

The stock has a 50-day moving average of C$0.46 and a 200 day moving average of C$0.36. The firm has a market capitalization of C$148.41 million, a P/E ratio of -43.00 and a beta of 1.39. The company has a debt-to-equity ratio of 74.85, a quick ratio of 0.33 and a current ratio of 0.07.

About Falco Resources

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.