Falcon Oil & Gas (CVE:FO) Share Price Crosses Below 50-Day Moving Average - Time to Sell?

Key Points

• Falcon Oil & Gas shares fell below their fifty-day moving average of C$0.13 during trading, closing at the same price with a volume of 80,000 shares.
• The company has a market cap of C$101.38 million and a negative price-to-earnings ratio of -36.01, indicating financial challenges.
• Falcon Oil & Gas operates in multiple countries, holding 22.5% interests in exploration permits over approximately 1 million net acres in the Beetaloo Sub-basin, Northern Territory, Australia.

Shares of Falcon Oil & Gas Ltd. (CVE:FO - Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.13 and traded as low as C$0.13. Falcon Oil & Gas shares last traded at C$0.13, with a volume of 80,000 shares trading hands.

Falcon Oil & Gas Trading Up 7.7%

The business has a 50 day moving average of C$0.13 and a 200-day moving average of C$0.12. The stock has a market cap of C$109.18 million, a PE ratio of -38.78 and a beta of 0.51.

Falcon Oil & Gas Company Profile

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.