Falcon Oil & Gas (LON:FOG) Trading 12.6% Higher – Here’s Why

Falcon Oil & Gas Ltd. (LON:FOG)’s stock price traded up 12.6% on Friday . The stock traded as high as GBX 17 and last traded at GBX 17. 448,398 shares changed hands during mid-day trading, an increase of 119% from the average session volume of 205,003 shares. The stock had previously closed at GBX 15.10.

Falcon Oil & Gas Stock Up 13.6%

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.29 and a quick ratio of 51.52. The company has a market cap of £190.22 million, a PE ratio of -57.17 and a beta of 0.47. The business’s 50 day moving average is GBX 13.88 and its 200-day moving average is GBX 11.59.

Falcon Oil & Gas Company Profile

Falcon Oil & Gas Ltd. (“Falcon” or “Company”) is an international oil and gas company engaged in the exploration and development of unconventional oil and gas assets. The Company’s principal interests are located in two major underexplored basins in Australia and South Africa; with further interests in Hungary, covering approximately 12.3 million gross acres. The Company’s interests are in countries with a high regional demand for energy and for Australia and Hungary are close to existing infrastructure allowing for rapid delivery of oil and gas to market.

Falcon is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.