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Falcon Oil & Gas (CVE:FO) Stock Price Crosses Above 50 Day Moving Average - Here's What Happened

Falcon Oil & Gas logo with Energy background

Falcon Oil & Gas Ltd. (CVE:FO - Get Free Report)'s stock price passed above its fifty day moving average during trading on Thursday . 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$0.12, with a volume of 179,010 shares trading hands.

Falcon Oil & Gas Stock Performance

The firm has a 50 day moving average of C$0.11 and a 200-day moving average of C$0.10. The stock has a market capitalization of C$85.78 million, a PE ratio of -30.47 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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