Falcon Oil & Gas (OTCMKTS:FOLGF) Trading Up 4.2% – Here’s Why

Falcon Oil & Gas Ltd. (OTCMKTS:FOLGFGet Free Report)’s stock price shot up 4.2% during trading on Monday . The stock traded as high as $0.2295 and last traded at $0.2295. 279,873 shares traded hands during trading, a decline of 52% from the average session volume of 585,789 shares. The stock had previously closed at $0.2203.

Falcon Oil & Gas Stock Up 4.2%

The business’s fifty day simple moving average is $0.22 and its two-hundred day simple moving average is $0.18.

About Falcon Oil & Gas

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Falcon Oil & Gas Limited is an independent oil and gas exploration and production company headquartered in Dublin, Ireland, and trading on the OTC Markets under the symbol FOLGF. The company is focused on identifying, acquiring and developing both conventional and unconventional hydrocarbon resources in Europe, with a primary emphasis on Central Europe.

The company’s principal assets include onshore exploration permits and production licenses in Hungary and Romania. In Hungary, Falcon holds interests in multiple blocks where it has conducted 2D and 3D seismic surveys and appraisal drilling to evaluate the potential of unconventional gas plays.

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