Falco Resources Ltd (CVE:FPC) Director Acquires C$31,050.00 in Stock

Falco Resources Ltd (CVE:FPC) Director Luc Lessard bought 150,000 shares of the business’s stock in a transaction on Thursday, November 28th. The shares were acquired at an average price of C$0.21 per share, with a total value of C$31,050.00. Following the transaction, the director now owns 1,426,271 shares of the company’s stock, valued at approximately C$295,238.10.

Falco Resources stock opened at C$0.20 on Wednesday. The stock has a 50-day moving average price of C$0.21 and a 200 day moving average price of C$0.23. Falco Resources Ltd has a 52 week low of C$0.19 and a 52 week high of C$0.54. The stock has a market cap of $40.54 million and a PE ratio of -4.76. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 11.69.

Falco Resources (CVE:FPC) last released its earnings results on Thursday, November 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. On average, equities analysts predict that Falco Resources Ltd will post 0.39 EPS for the current year.

A number of brokerages have recently weighed in on FPC. National Bank Financial dropped their price objective on shares of Falco Resources from C$0.50 to C$0.40 and set a “sector perform” rating for the company in a research note on Thursday, September 5th. BMO Capital Markets reduced their target price on Falco Resources from C$2.00 to C$0.80 in a research note on Wednesday, September 11th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of C$0.61.

Falco Resources Company Profile

Falco Resources Ltd., a junior resource exploration company, engages in the exploring, evaluating, and developing mineral properties in Canada. It explores for base and precious metals, such as gold, zinc, copper, and silver deposits. The company's principal assets include a 100% interest in the Rouyn-Noranda mining camp comprising approximately 67,000 hectares located in the Province of Québec.

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