Falcon Oil & Gas (CVE:FO) Shares Up 2.5% – Here’s Why

Shares of Falcon Oil & Gas Ltd. (CVE:FO) were up 2.5% during trading on Wednesday . The stock traded as high as C$0.21 and last traded at C$0.21. Approximately 560,815 shares changed hands during mid-day trading, an increase of 57% from the average daily volume of 356,872 shares. The stock had previously closed at C$0.20.

Falcon Oil & Gas Price Performance

The stock has a market cap of C$232.92 million, a PE ratio of -70.00 and a beta of 1.10. The company’s fifty day moving average is C$0.20 and its 200-day moving average is C$0.16.

Falcon Oil & Gas (CVE:FO) last posted its quarterly earnings results on Thursday, November 27th. The company reported C$0.00 EPS for the quarter. Analysts expect that Falcon Oil & Gas Ltd. will post -0.0095238 EPS for the current year.

Insider Transactions at Falcon Oil & Gas

In related news, insider Lp Sheffield Holdings sold 731,000 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of C$0.21, for a total transaction of C$153,510.00. Following the sale, the insider directly owned 109,655,398 shares of the company’s stock, valued at C$23,027,633.58. This trade represents a 0.66% decrease in their ownership of the stock. Also, Director Bryan Scott Sheffield sold 731,000 shares of Falcon Oil & Gas stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of C$0.21, for a total value of C$153,510.00. Following the transaction, the director owned 109,655,398 shares of the company’s stock, valued at approximately C$23,027,633.58. This represents a 0.66% decrease in their ownership of the stock. Insiders sold 13,462,000 shares of company stock worth $2,587,020 in the last 90 days. Company insiders own 25.31% of the company’s stock.

Falcon Oil & Gas Company Profile

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. It also holds a 100% interest in the technical cooperation permit covering an area of approximately 30,327.9 square kilometers in the southwest Karoo Basin, South Africa; and a 100% interest in the Makó production license covering an area of approximately 994.6 square kilometers in the Makó Trough located in south-eastern Hungary.