In sliding 1.12%, Falco Resources Ltd. (CDX:FPC:CA) was one of the worst performing stocks in the miscellaneous sector of the TSX Venture Exchange on January 13. After closing the previous session at $0.89, shares of FPC:CA opened this morning at $0.88 and closed the day at $0.88. Throughout the day, about 34,030 shares changed hands, compared to an average 30-day volume of 121,706 for Falco Resources Ltd.. Shares moved as high as $0.89 and as low as $0.87 in today’s trading action.
The share depreciation gives the company a market capitalization of $101.67 million based upon 114.24 million shares outstanding.
In the past 52 weeks, shares of Falco Resources Ltd. have traded as low as $0.225 and as high as $1.39. Technical traders will take note that at $0.88, shares of FPC:CA are trading below their 50-day moving average (MA) at $0.918 and below their 200-day MA at below $0.947. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move beneath or holding under them is typically regarded as bearish.
Who is $Falco Res?
Falco Resources Ltd is an exploration stage company. The Company is engaged in the exploration and evaluation of its mineral properties in the Rouyn-Noranda district in the Province of Quebec for base and precious metals. The company is led by its CEO Luc Lessard from its headquarters at 1100 Avenue des Canadiens-de-Montreal.
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About the TSX Venture Exchange
Owned and operated by the TMX Group, the TSX Venture Exchange is a public venture capital marketplace for emerging companies. It is headquartered in Calgary, Alberta, Canada with offices in Toronto, Vancouver and Montreal. All trading on the exchange is done electronically. Originally established in 1999, the “Venture,” as it is often shortened, was previously known as the Canadian Venture Exchange, but renamed in 2001 subsequent to the TSX Group (now known as the TMX Group) purchasing it.
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