Falcon Oil & Gas (CVE:FO) Trading 10.9% Higher – Time to Buy?

Falcon Oil & Gas Ltd. (CVE:FO)’s stock price was up 10.9% during mid-day trading on Thursday . The company traded as high as C$0.31 and last traded at C$0.31. Approximately 1,272,248 shares were traded during mid-day trading, an increase of 92% from the average daily volume of 662,426 shares. The stock had previously closed at C$0.28.

Falcon Oil & Gas Trading Up 22.7%

The company has a fifty day moving average of C$0.27 and a two-hundred day moving average of C$0.22. The company has a quick ratio of 51.52, a current ratio of 2.29 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of C$408.16 million, a price-to-earnings ratio of -122.67 and a beta of 1.18.

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.