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Falcon Oil & Gas (CVE:FO) Stock Passes Below Fifty Day Moving Average - Here's What Happened

Falcon Oil & Gas logo with Energy background

Falcon Oil & Gas Ltd. (CVE:FO - Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.12 and traded as low as C$0.11. Falcon Oil & Gas shares last traded at C$0.11, with a volume of 107,729 shares.

Falcon Oil & Gas Stock Up 13.6%

The stock has a 50-day simple moving average of C$0.12 and a 200 day simple moving average of C$0.12. The company has a market cap of C$97.48 million, a PE ratio of -34.63 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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