Falcon Gold (CVE:FG) Sets New 1-Year Low – Here’s Why

Falcon Gold Corp. (CVE:FG) hit a new 52-week low during mid-day trading on Friday. The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 8,100 shares changing hands. The stock had previously closed at C$0.03.

Falcon Gold Stock Performance

The stock’s 50-day moving average is C$0.03 and its 200 day moving average is C$0.03. The firm has a market cap of C$1.48 million, a P/E ratio of -0.83 and a beta of -0.25.

Falcon Gold Company Profile

Falcon Gold Corp. generates, acquires, and explores mineral properties in the Americas. It explores for gold, silver, copper, and base metal deposits, as well as diamonds. Its flagship project is the Central Canada Gold Mine located approximately 20km southeast of Agnico Eagle’s Hammond Reef Gold Deposit. The company was formerly known as Chesstown Capital Inc. and changed its name to Falcon Gold Corp. in July 2011. Falcon Gold Corp. was incorporated in 2006 and is headquartered in Vancouver, Canada.