Falco Resources Ltd (CVE:FPC) Director Luc Lessard Acquires 150,000 Shares

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Falco Resources Ltd (CVE:FPC) Director Luc Lessard bought 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 28th. The stock was bought 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 directly owns 1,426,271 shares in the company, valued at C$295,238.10.

Shares of FPC opened at C$0.21 on Monday. The firm has a 50-day moving average price of C$0.22 and a 200 day moving average price of C$0.23. The firm has a market capitalization of $40.54 million and a PE ratio of -5.00. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 11.69. Falco Resources Ltd has a 52-week low of C$0.19 and a 52-week high of C$0.54.

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

A number of equities analysts recently issued reports on the stock. National Bank Financial decreased their target price 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 report on Thursday, September 5th. BMO Capital Markets decreased their target price on shares of Falco Resources from C$2.00 to C$0.80 in a research report on Wednesday, September 11th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Falco Resources has a consensus rating of “Hold” and a consensus target price 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 Qu├ębec.

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