Shares of First Cobalt Corp. (CVE:FCC – Get Free Report) dropped 1.6% during mid-day trading on Wednesday . The company traded as low as C$0.30 and last traded at C$0.31. Approximately 463,523 shares were traded during trading, a decline of 60% from the average daily volume of 1,169,019 shares. The stock had previously closed at C$0.31.
First Cobalt Price Performance
The stock has a 50-day moving average price of C$0.30 and a two-hundred day moving average price of C$0.30. The stock has a market cap of C$162.97 million and a price-to-earnings ratio of -7.26. The company has a current ratio of 30.70, a quick ratio of 30.51 and a debt-to-equity ratio of 20.98.
About First Cobalt
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.
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