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Falcon Oil & Gas (CVE:FO) Stock Price Crosses Below 50 Day Moving Average - Should You Sell?

Falcon Oil & Gas logo with Energy background

Falcon Oil & Gas Ltd. (CVE:FO - Get Free Report)'s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$0.11 and traded as low as C$0.10. Falcon Oil & Gas shares last traded at C$0.10, with a volume of 51,000 shares changing hands.

Falcon Oil & Gas Price Performance

The company has a 50-day moving average of C$0.11 and a two-hundred day moving average of C$0.10. The company has a market capitalization of C$77.98 million, a PE ratio of -27.70 and a beta of 0.51.

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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