Falco Resources (CVE:FPC) was downgraded by stock analysts at Desjardins from a “buy” rating to a “hold” rating in a report issued on Wednesday, BayStreet.CA reports. They presently have a C$0.60 price objective on the stock, down from their prior price objective of C$1.50. Desjardins’ price target would suggest a potential upside of 130.77% from the company’s current price.
CVE FPC traded up C$0.01 on Wednesday, reaching C$0.26. 133,520 shares of the stock traded hands, compared to its average volume of 163,544. The stock’s fifty day moving average price is C$0.25. The company has a debt-to-equity ratio of 10.97, a quick ratio of 0.31 and a current ratio of 0.34. The company has a market capitalization of $53.01 million and a P/E ratio of -8.97. Falco Resources has a 12 month low of C$0.21 and a 12 month high of C$0.54.
Falco Resources Company Profile
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