Falcon Oil & Gas (CVE:FO) Sets New 1-Year High - Here's Why

Key Points

• Falcon Oil & Gas Ltd. shares reached a new 52-week high of C$0.21, marking significant trading activity with a volume of nearly 1.95 million shares.
• Insider sales included Director Bryan Scott Sheffield selling 4 million shares at C$0.19 each, representing a 3.50% decrease in his holdings.
• The company's market capitalization stands at C$232.92 million with a P/E ratio of -70.00, indicating current challenges in profitability.

Falcon Oil & Gas Ltd. (CVE:FO - ) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$0.21 and last traded at C$0.21, with a volume of 1949383 shares. The stock had previously closed at C$0.20.

Falcon Oil & Gas Stock Performance

The stock has a market capitalization of C$232.92 million, a P/E ratio of -70.00 and a beta of 0.99. The firm has a 50-day moving average price of C$0.16 and a 200 day moving average price of C$0.13.

Insider Activity at Falcon Oil & Gas

In other Falcon Oil & Gas news, Director Bryan Scott Sheffield sold 4,000,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of C$0.19, for a total value of C$760,000.00. Following the completion of the sale, the director owned 110,386,398 shares in the company, valued at approximately C$20,973,415.62. This trade represents a 3.50% decrease in their position. Also, insider Lp Sheffield Holdings sold 4,000,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of C$0.19, for a total value of C$760,000.00. Following the completion of the sale, the insider owned 110,386,398 shares of the company's stock, valued at approximately C$20,973,415.62. This trade represents a 3.50% decrease in their position. Over the last 90 days, insiders have sold 13,462,000 shares of company stock worth $2,587,020. 25.31% of the stock is owned by corporate insiders.

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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