Shares of Falcon Oil & Gas Ltd. (CVE:FO – Get Free Report) fell 11.5% during mid-day trading on Tuesday . The stock traded as low as C$0.10 and last traded at C$0.12. 475,763 shares traded hands during trading, an increase of 142% from the average session volume of 196,793 shares. The stock had previously closed at C$0.13.
Falcon Oil & Gas Price Performance
The company’s fifty day simple moving average is C$0.10 and its 200-day simple moving average is C$0.09. The firm has a market capitalization of C$122.10 million, a PE ratio of -12.50 and a beta of 0.51.
About Falcon Oil & Gas
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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