Shares of Falcon Oil & Gas Ltd. (CVE:FO – Get Free Report) were down 15.4% during mid-day trading on Wednesday . The company traded as low as C$0.10 and last traded at C$0.11. Approximately 501,263 shares changed hands during trading, an increase of 152% from the average daily volume of 198,793 shares. The stock had previously closed at C$0.13.
Falcon Oil & Gas Trading Up 9.1 %
The stock has a market cap of C$133.20 million, a price-to-earnings ratio of -12.50 and a beta of 0.51. The company has a 50 day simple moving average of C$0.10 and a 200-day simple moving average of C$0.09.
Falcon Oil & Gas Company Profile
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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