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Falcon Oil & Gas (CVE:FO) Share Price Passes Below Fifty Day Moving Average - Time to Sell?

Falcon Oil & Gas logo with Energy background

Key Points

  • Falcon Oil & Gas shares have crossed below their 50-day moving average at C$0.12, raising concerns among investors about potential selling opportunities.
  • The company's market capitalization is approximately C$89.68 million, and it has a PE ratio of -31.86, indicating negative earnings.
  • Falcon Oil & Gas engages in the exploration and development of oil and gas assets in Australia, South Africa, and Hungary, holding significant interests in exploration permits.
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Falcon Oil & Gas Ltd. (CVE:FO - Get Free Report)'s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$0.12 and traded as low as C$0.12. Falcon Oil & Gas shares last traded at C$0.12, with a volume of 20,000 shares traded.

Falcon Oil & Gas Stock Down 4.3%

The stock has a market capitalization of C$85.78 million, a price-to-earnings ratio of -30.47 and a beta of 0.51. The company's 50-day moving average is C$0.12 and its 200-day moving average is C$0.12.

Falcon Oil & Gas Company Profile

(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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