Falco Resources (CVE:FPC) Stock Crosses Below 50 Day Moving Average – Here’s Why

Shares of Falco Resources Ltd. (CVE:FPC) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$0.20 and traded as low as C$0.17. Falco Resources shares last traded at C$0.19, with a volume of 283,140 shares traded.

Falco Resources Stock Performance

The stock has a market capitalization of C$56.41 million, a P/E ratio of -12.74 and a beta of 1.59. The stock’s 50-day simple moving average is C$0.20 and its 200 day simple moving average is C$0.28. The company has a debt-to-equity ratio of 74.85, a current ratio of 0.07 and a quick ratio of 0.33.

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.