Falcon Oil & Gas (CVE:FO) Stock Price Up 8.3% - Here's Why

Key Points

• Falcon Oil & Gas Ltd. stock rose by 8.3%, reaching a trading price of C$0.20, with over 1.7 million shares changing hands, significantly higher than the average daily volume.
• The company's market capitalization stands at C$210.74 million, with a P/E ratio of -63.33 and a beta of 1.05.
• Falcon Oil & Gas is involved in the exploration and development of unconventional oil and gas assets primarily in Australia, South Africa, and Hungary.

Falcon Oil & Gas Ltd. (CVE:FO - )'s share price rose 8.3% during mid-day trading on Tuesday . The stock traded as high as C$0.20 and last traded at C$0.20. Approximately 1,744,938 shares traded hands during mid-day trading, an increase of 908% from the average daily volume of 173,176 shares. The stock had previously closed at C$0.18.

Falcon Oil & Gas Trading Up 5.6%

The company's 50 day moving average is C$0.14 and its 200-day moving average is C$0.12. The company has a market capitalization of C$210.74 million, a P/E ratio of -63.33 and a beta of 1.05.

Falcon Oil & Gas Company Profile

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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