Falcon Oil & Gas (CVE:FO) Trading Down 9.5% – Here’s Why

Falcon Oil & Gas Ltd. (CVE:FOGet Free Report)’s stock price was down 9.5% on Thursday . The stock traded as low as C$0.10 and last traded at C$0.10. Approximately 118,113 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 156,281 shares. The stock had previously closed at C$0.11.

Falcon Oil & Gas Price Performance

The firm has a market cap of C$77.98 million, a P/E ratio of -27.70 and a beta of 0.51. The firm’s fifty day moving average is C$0.11 and its two-hundred day moving average is C$0.10.

Falcon Oil & Gas Company Profile

(Get Free Report)

Falcon Oil & Gas Ltd., an oil and gas company, engages in the exploration and development of unconventional oil and gas assets in Australia, South Africa, and Hungary. The company holds 22.5% interests in three exploration permits covering an area of approximately 1 million net acres in the Beetaloo Sub-basin, Northern Territory, Australia.

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