Falcon Gold (CVE:FG) Stock Price Down 16.7% – Here’s Why

Falcon Gold Corp. (CVE:FG)’s share price traded down 16.7% during trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. 354,000 shares traded hands during mid-day trading, an increase of 184% from the average session volume of 124,790 shares. The stock had previously closed at C$0.03.

Falcon Gold Stock Performance

The company has a market capitalization of C$3.80 million, a PE ratio of -2.50 and a beta of 0.61. The company has a quick ratio of 0.91, a current ratio of 0.28 and a debt-to-equity ratio of 0.41. The business has a 50 day simple moving average of C$0.03 and a 200 day simple moving average 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.