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

Falco Resources Ltd. (CVE:FPC)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$0.49 and traded as low as C$0.49. Falco Resources shares last traded at C$0.50, with a volume of 573,958 shares trading hands.

Falco Resources Stock Performance

The company’s 50 day moving average price is C$0.49 and its 200-day moving average price is C$0.46. The company has a debt-to-equity ratio of 57.97, a quick ratio of 0.33 and a current ratio of 0.24. The company has a market cap of C$174.96 million, a PE ratio of -50.00 and a beta of 1.31.

Insider Activity

In other news, Director Sean Roosen bought 500,000 shares of the stock in a transaction on Wednesday, June 17th. The shares were purchased at an average cost of C$0.61 per share, for a total transaction of C$305,000.00. Following the completion of the purchase, the director directly owned 2,527,832 shares in the company, valued at C$1,541,977.52. This represents a 24.66% increase in their position. 17.78% of the stock is currently owned by insiders.

About Falco Resources

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. Its principal asset includes the Horne 5 Project located in the former Horne mine. The company was formerly known as Falco Pacific Resource Group Inc and changed its name to Falco Resources Ltd.