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Falcon Oil & Gas (CVE:FO) Stock Passes Below 50 Day Moving Average - What's Next?

Falcon Oil & Gas logo with Energy background

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.
  • Looking to export and analyze Falcon Oil & Gas data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Falcon Oil & Gas Ltd. (CVE:FO - Get Free Report)'s stock price crossed 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 traded.

Falcon Oil & Gas Price Performance

The company has a fifty day moving average of C$0.13 and a 200-day moving average of C$0.12. The firm has a market capitalization of C$101.38 million, a PE ratio of -36.01 and a beta of 0.51.

About Falcon Oil & Gas

(Get Free Report)

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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