Falcon Oil & Gas (CVE:FO) Shares Up 5.9% - Time to Buy?

Key Points

• Falcon Oil & Gas Ltd. shares increased by 5.9% on Tuesday, closing at C$0.18 after trading as high as C$0.19 with a significant volume surge of 250% compared to its average.
• The company has a market cap of C$210.74 million and a P/E ratio of -63.33, indicating its current challenges in profitability.
• Falcon Oil & Gas is actively engaged in the exploration and development of unconventional oil and gas assets, holding 22.5% interests in three exploration permits in the Beetaloo Sub-basin, Australia.

Falcon Oil & Gas Ltd. (CVE:FO - )'s share price shot up 5.9% on Tuesday . The company traded as high as C$0.19 and last traded at C$0.18. 606,569 shares traded hands during trading, an increase of 250% from the average session volume of 173,176 shares. The stock had previously closed at C$0.17.

Falcon Oil & Gas Stock Performance

The firm has a market cap of C$210.74 million, a P/E ratio of -63.33 and a beta of 1.05. The firm has a fifty day moving average of C$0.14 and a 200-day 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.

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