Falcon Gold (CVE:FG) Shares Down 16.7% – Here’s What Happened

Falcon Gold Corp. (CVE:FG)’s stock price dropped 16.7% on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 354,000 shares traded hands 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 firm has a 50 day moving average price of C$0.03 and a 200-day moving average price of C$0.03. 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 company has a market cap of C$5.32 million, a P/E ratio of -3.50 and a beta of 0.61.

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.