Falcon Oil & Gas Ltd. (CVE:FO – Get Free Report)’s share price dropped 9.5% during trading on Thursday . The company traded as low as C$0.10 and last traded at C$0.10. Approximately 118,113 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 156,281 shares. The stock had previously closed at C$0.11.
Falcon Oil & Gas Trading Down 4.8 %
The firm has a fifty day moving average of C$0.11 and a 200 day moving average of C$0.10. The company has a market capitalization of C$77.98 million, a P/E ratio of -27.70 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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