First Cobalt (CVE:FCC) Stock Price Down 1.6% – Should You Sell?

First Cobalt Corp. (CVE:FCC) shares traded down 1.6% on Wednesday . The stock traded as low as C$0.30 and last traded at C$0.31. 463,523 shares traded hands 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 Trading Down 1.6 %

The company has a debt-to-equity ratio of 20.98, a quick ratio of 30.51 and a current ratio of 30.70. The business’s 50 day moving average price is C$0.30 and its 200-day moving average price is C$0.30. The firm has a market cap of C$162.97 million and a price-to-earnings ratio of -7.26.

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.