Desjardins Downgrades Falco Resources (CVE:FPC) to Hold

Desjardins cut shares of Falco Resources (CVE:FPC) from a buy rating to a hold rating in a report issued on Wednesday, BayStreet.CA reports. Desjardins currently has C$0.60 price target on the stock, down from their prior price target of C$1.50.

FPC opened at C$0.24 on Wednesday. The firm has a 50 day moving average of C$0.25. Falco Resources has a 1-year low of C$0.21 and a 1-year high of C$0.54. The company has a current ratio of 0.34, a quick ratio of 0.31 and a debt-to-equity ratio of 10.97. The firm has a market cap of $48.85 million and a P/E ratio of -8.10.

About Falco Resources

Falco Resources Ltd., a junior resource exploration company, engages in the exploring, evaluating, and developing mineral properties in Canada. It explores for base and precious metals, such as gold, zinc, copper, and silver deposits. The company's principal assets include a 100% interest in the Rouyn-Noranda mining camp comprising approximately 67,000 hectares located in the Province of Québec.

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