Falcon Oil & Gas (CVE:FO) Sets New 52-Week High - Time to Buy?

Key Points

• Falcon Oil & Gas Ltd. reached a new 52-week high, trading at C$0.18, with a volume of 166,402 shares on Wednesday.
• The company's market cap stands at C$183.01 million and it has a current PE ratio of -55.00.
• Falcon is involved in the exploration and development of unconventional oil and gas assets, holding a 22.5% interest in three exploration permits in the Beetaloo Sub-basin, Australia.

Falcon Oil & Gas Ltd. (CVE:FO - )'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$0.18 and last traded at C$0.17, with a volume of 166402 shares changing hands. The stock had previously closed at C$0.18.

Falcon Oil & Gas Stock Down 5.7%

The company has a market cap of C$183.01 million, a PE ratio of -55.00 and a beta of 1.05. The company has a 50-day moving average of C$0.13 and a 200-day moving average of 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.