Falcon Oil & Gas (CVE:FO) Stock Price Up 2.5% - Should You Buy?

Key Points

• Falcon Oil & Gas Ltd. (CVE:FO) saw a stock price increase of 2.5%, reaching C$0.21, with trading volumes significantly higher at approximately 1,625,131 shares.
• Insider activity included a sale of 731,000 shares by Director Bryan Scott Sheffield, indicating a 0.66% decrease in ownership after the sale.
• The company has a current market cap of C$227.37 million and engages in the exploration and development of unconventional oil and gas assets across Australia, South Africa, and Hungary.

Falcon Oil & Gas Ltd. (CVE:FO - ) rose 2.5% on Tuesday . The stock traded as high as C$0.21 and last traded at C$0.21. Approximately 1,625,131 shares changed hands during trading, an increase of 454% from the average daily volume of 293,318 shares. The stock had previously closed at C$0.20.

Falcon Oil & Gas Stock Up 2.5%

The company has a market cap of C$227.37 million, a price-to-earnings ratio of -68.33 and a beta of 0.99. The company's fifty day moving average price is C$0.17 and its two-hundred day moving average price is C$0.13.

Insider Activity at Falcon Oil & Gas

In other news, Director Bryan Scott Sheffield sold 731,000 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of C$0.21, for a total transaction of C$153,510.00. Following the completion of the sale, the director owned 109,655,398 shares of the company's stock, valued at approximately C$23,027,633.58. This trade represents a 0.66% decrease in their ownership of the stock. Also, insider Lp Sheffield Holdings sold 731,000 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of C$0.21, for a total transaction of C$153,510.00. Following the sale, the insider directly owned 109,655,398 shares of the company's stock, valued at approximately C$23,027,633.58. The trade was a 0.66% decrease in their position. In the last ninety days, insiders have sold 13,462,000 shares of company stock valued at $2,587,020. Company insiders own 25.31% of the company's stock.

About Falcon Oil & Gas

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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