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Falcon Oil & Gas (CVE:FO) Shares Cross Above 50 Day Moving Average - Here's Why

Falcon Oil & Gas logo with Energy background

Falcon Oil & Gas Ltd. (CVE:FO - Get Free Report) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.11 and traded as high as C$0.12. Falcon Oil & Gas shares last traded at C$0.11, with a volume of 29,337 shares changing hands.

Falcon Oil & Gas Trading Up 4.2 %

The firm's fifty day moving average price is C$0.11 and its 200-day moving average price is C$0.10. The company has a market cap of C$97.48 million, a price-to-earnings ratio of -34.63 and a beta of 0.51.

Falcon Oil & Gas Company Profile

(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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