First Cobalt (CVE:FCC) Shares Down 1.6% – Here’s Why

First Cobalt Corp. (CVE:FCC) shares fell 1.6% on Thursday . The stock traded as low as C$0.30 and last traded at C$0.31. 463,523 shares traded hands during 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 Stock Performance

The company has a debt-to-equity ratio of 20.98, a current ratio of 30.70 and a quick ratio of 30.51. The company’s 50-day moving average price is C$0.30 and its two-hundred day moving average price is C$0.30. The company has a market capitalization 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.