First Cobalt (CVE:FCC) Stock Falls 1.6% – Here’s What Happened

First Cobalt Corp. (CVE:FCC)’s share price traded down 1.6% during trading on Wednesday. The stock traded as low as C$0.30 and last traded at C$0.30. Approximately 463,523 shares traded hands during mid-day 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 Stock Performance

The company has a fifty day moving average of C$0.30 and a two-hundred day moving average of C$0.30. The firm has a market capitalization of C$162.97 million and a price-to-earnings ratio of -7.26. The company has a debt-to-equity ratio of 20.98, a quick ratio of 30.51 and a current ratio of 30.70.

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. and changed its name to First Cobalt Corp. in September 2016. First Cobalt Corp. was incorporated in 2011 and is headquartered in Toronto, Canada.