Falcon Oil & Gas (CVE:FO) Stock Passes Below 50-Day Moving Average - Here's Why

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.

Falcon Oil & Gas Ltd. (CVE:FO - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-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.

Falcon Oil & Gas Stock Performance

The business has a 50 day simple moving average of C$0.12 and a 200-day simple moving average of C$0.12. The firm has a market capitalization of C$85.78 million, a price-to-earnings ratio of -30.47 and a beta of 0.51.

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.