Falcon Oil & Gas (CVE:FO) Trading Up 10.4% – Here’s Why

Falcon Oil & Gas Ltd. (CVE:FO)’s stock price traded up 10.4% on Wednesday . The stock traded as high as C$0.28 and last traded at C$0.27. 880,922 shares changed hands during mid-day trading, an increase of 43% from the average session volume of 617,622 shares. The stock had previously closed at C$0.24.

Falcon Oil & Gas Trading Up 8.3%

The firm’s fifty day moving average price is C$0.23 and its 200 day moving average price is C$0.19. The firm has a market capitalization of C$288.38 million, a PE ratio of -86.67 and a beta of 1.54.

Falcon Oil & Gas (CVE:FO) last released its quarterly earnings data on Thursday, November 27th. The company reported C$0.00 EPS for the quarter. On average, analysts predict that Falcon Oil & Gas Ltd. will post -0.0095238 earnings per share for the current year.

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. 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.