Falcon Gold (CVE:FG) Shares Down 16.7% – Time to Sell?

Falcon Gold Corp. (CVE:FG) shares dropped 16.7% during mid-day trading on Tuesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 354,000 shares were traded during mid-day trading, an increase of 184% from the average daily volume of 124,790 shares. The stock had previously closed at C$0.03.

Falcon Gold Stock Performance

The stock has a market cap of C$3.80 million, a PE ratio of -2.50 and a beta of 0.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.28. The firm has a fifty day moving average price of C$0.03 and a 200 day moving average price of C$0.03.

About Falcon Gold

Falcon Gold Corp. generates, acquires, and explores mineral properties in the Americas. It explores for gold, silver, copper, and base metal deposits, as well as diamonds. Its flagship project is the Central Canada Gold Mine located approximately 20km southeast of Agnico Eagle’s Hammond Reef Gold Deposit.