Falcon Oil & Gas (CVE:FO) Hits New 52-Week High - Still a Buy?

Key Points

• Falcon Oil & Gas Ltd. shares reached a new 52-week high of C$0.17, indicating a notable increase from its previous closing price of C$0.16.
• The company's market capitalization stands at C$177.46 million, with a price-to-earnings ratio of -53.33 and a beta of 1.05.
• Falcon Oil & Gas is actively engaged in the exploration and development of unconventional oil and gas assets across Australia, South Africa, and Hungary.

Falcon Oil & Gas Ltd. (CVE:FO - ) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$0.17 and last traded at C$0.17, with a volume of 812020 shares trading hands. The stock had previously closed at C$0.16.

Falcon Oil & Gas Stock Performance

The stock has a market capitalization of C$177.46 million, a price-to-earnings ratio of -53.33 and a beta of 1.05. The firm's 50 day moving average is C$0.13 and its 200-day moving average is C$0.12.

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.

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