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Falco Resources (CVE:FPC) Shares Cross Below 50-Day Moving Average - Time to Sell?

Falco Resources logo with Basic Materials background

Falco Resources Ltd. (CVE:FPC - Get Free Report) passed 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 changing hands.

Falco Resources Stock Up 7.9 %

The company has a market cap of C$60.86 million, a P/E ratio of -13.74 and a beta of 1.59. The stock has a 50-day moving average of C$0.20 and a two-hundred day moving average of C$0.27. 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

(Get Free Report)

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.

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