Insider Buying: Falco Resources (CVE:FPC) Director Purchases C$305,000.00 in Stock

Falco Resources Ltd. (CVE:FPC) Director Sean Roosen acquired 500,000 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was purchased at an average cost of C$0.61 per share, with a total value of C$305,000.00. Following the acquisition, the director directly owned 2,527,832 shares of the company’s stock, valued at C$1,541,977.52. This represents a 24.66% increase in their position.

Falco Resources Price Performance

Shares of FPC stock traded down C$0.03 during mid-day trading on Wednesday, hitting C$0.49. 794,371 shares of the stock were exchanged, compared to its average volume of 512,119. The firm has a fifty day moving average of C$0.49 and a 200 day moving average of C$0.45. The company has a quick ratio of 0.33, a current ratio of 0.24 and a debt-to-equity ratio of 57.97. Falco Resources Ltd. has a 52-week low of C$0.22 and a 52-week high of C$0.65. The company has a market cap of C$173.21 million, a PE ratio of -49.50 and a beta of 1.35.

About Falco Resources

Falco Resources Ltd. engages in the exploration, evaluation, and development of mineral properties in Canada. It explores for base and precious metals, as well as gold, zinc, copper, and silver deposits. The company owns mining claims and contractual rights in relation to mining concessions covering an area of approximately 70,000 hectares of land in the Rouyn-Noranda mining camp located in the Province of Québec. Its principal asset includes the Horne 5 Project located in the former Horne mine. The company was formerly known as Falco Pacific Resource Group Inc and changed its name to Falco Resources Ltd.