Falco Resources (CVE:FPC) Trading Up 23% – Still a Buy?

Falco Resources Ltd. (CVE:FPC)’s share price shot up 23% during mid-day trading on Wednesday . The stock traded as high as C$0.65 and last traded at C$0.62. 2,753,422 shares changed hands during mid-day trading, an increase of 456% from the average session volume of 494,927 shares. The stock had previously closed at C$0.50.

Falco Resources Price Performance

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 capitalization of C$209.95 million, a P/E ratio of -60.00 and a beta of 1.35. The firm’s fifty day moving average is C$0.47 and its 200 day moving average is C$0.44.

Falco Resources Company Profile

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.