Falcon Gold (CVE:FG) Shares Down 25% – Here’s Why

Shares of Falcon Gold Corp. (CVE:FG) dropped 25% during trading on Monday . The stock traded as low as C$0.02 and last traded at C$0.02. Approximately 2,722,587 shares were traded during mid-day trading, an increase of 222% from the average daily volume of 846,059 shares. The stock had previously closed at C$0.02.

Falcon Gold Stock Down 25.0%

The firm’s fifty day moving average is C$0.02 and its 200-day moving average is C$0.02. The stock has a market capitalization of C$2.82 million, a PE ratio of -1.50 and a beta of 0.77.

Falcon Gold Company Profile

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. The company was formerly known as Chesstown Capital Inc and changed its name to Falcon Gold Corp. in July 2011. Falcon Gold Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada.