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

Falcon Oil & Gas logo with Energy background

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.
  • Five stocks to consider instead of Falcon Oil & Gas.

Falcon Oil & Gas Ltd. (CVE:FO - Get Free Report)'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

(Get Free Report)

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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