Shares of Falcon Oil & Gas Ltd. (CVE:FO – Get Free Report) shot up 7.7% during mid-day trading on Wednesday . The company traded as high as C$0.14 and last traded at C$0.14. 554,100 shares traded hands during mid-day trading, an increase of 272% from the average session volume of 149,069 shares. The stock had previously closed at C$0.13.
Falcon Oil & Gas Trading Up 3.7%
The firm has a market cap of C$109.18 million, a PE ratio of -38.78 and a beta of 0.51. The stock has a 50 day simple moving average of C$0.11 and a 200-day simple moving average of C$0.11.
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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