Falcon Oil & Gas (CVE:FO) Shares Down 17.9% - Should You Sell?

Key Points

• Shares dropped 17.9% on Wednesday to as low as C$0.31 (last C$0.32) with ~628,694 shares traded versus an average of 760,263, after a prior close of C$0.39.
• The company has a market capitalization of C$354.93 million, a negative PE (-106.67), low leverage (debt/equity 0.03) and strong liquidity metrics (current ratio 2.29, quick ratio 51.52), with 50-/200-day moving averages of C$0.29/C$0.23.
• Falcon is an unconventional oil and gas explorer operating in Australia, South Africa and Hungary, holding 22.5% of permits in the Beetaloo Sub‑basin (~1M net acres) and 100% interests in large licenses in the Karoo Basin and Makó Trough.

Falcon Oil & Gas Ltd. (CVE:FO - ) shares dropped 17.9% on Wednesday . The company traded as low as C$0.31 and last traded at C$0.32. Approximately 628,694 shares traded hands during trading, a decline of 17% from the average daily volume of 760,263 shares. The stock had previously closed at C$0.39.

Falcon Oil & Gas Stock Down 17.9%

The stock has a market capitalization of C$354.93 million, a PE ratio of -106.67 and a beta of 0.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.29 and a quick ratio of 51.52. The business's fifty day moving average price is C$0.29 and its two-hundred day moving average price is C$0.23.

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. It also holds a 100% interest in the technical cooperation permit covering an area of approximately 30,327.9 square kilometers in the southwest Karoo Basin, South Africa; and a 100% interest in the Makó production license covering an area of approximately 994.6 square kilometers in the Makó Trough located in south-eastern Hungary.

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