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

Key Points

• Falcon Oil & Gas shares fell below their 50-day moving average of C$0.12, closing at C$0.11 on a trading volume of 36,500 shares.
• The company, with a market capitalization of C$85.78 million, has a negative P/E ratio of -30.47 and a beta of 0.51, indicating lower volatility compared to the market.
• Falcon Oil & Gas focuses on the exploration and development of unconventional oil and gas assets in Australia, South Africa, and Hungary, holding 22.5% interests in permits covering approximately 1 million net acres in the Beetaloo Sub-basin of Australia.

Shares of Falcon Oil & Gas Ltd. (CVE:FO - Get Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.12 and traded as low as C$0.11. Falcon Oil & Gas shares last traded at C$0.11, with a volume of 36,500 shares changing hands.

Falcon Oil & Gas Stock Up 13.0%

The firm has a market cap of C$101.38 million, a PE ratio of -36.01 and a beta of 0.51. The stock has a 50-day simple moving average of C$0.12 and a two-hundred day simple 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.