First Cobalt (CVE:FCC) Trading Down 1.6% – Here’s What Happened

First Cobalt Corp. (CVE:FCC) fell 1.6% on Friday . The company traded as low as C$0.30 and last traded at C$0.31. 463,523 shares were traded during mid-day trading, a decline of 60% from the average session volume of 1,169,019 shares. The stock had previously closed at C$0.31.

First Cobalt Price Performance

The company has a fifty day simple moving average of C$0.30 and a 200 day simple moving average of C$0.30. The stock has a market capitalization of C$162.97 million and a price-to-earnings ratio of -7.26. The company has a debt-to-equity ratio of 20.98, a quick ratio of 30.51 and a current ratio of 30.70.

First Cobalt Company Profile

First Cobalt Corp. acquires and explores for resource properties in the United States and Canada. The company primarily explores for cobalt and silver deposits. Its flagship project is the Iron Creek cobalt project, which covers an area of approximately 2,600 acres located in Lemhi County, Idaho. The company was formerly known as Aurgent Resource Corp. and changed its name to First Cobalt Corp. in September 2016. First Cobalt Corp. was incorporated in 2011 and is headquartered in Toronto, Canada.