Falcon Oil & Gas (CVE:FO) Trading 7.7% Higher - Here's What Happened

Falcon Oil & Gas Ltd. (CVE:FO - Get Free Report)'s share price rose 7.7% on Wednesday . The company traded as high as C$0.14 and last traded at C$0.14. Approximately 554,100 shares traded hands during trading, an increase of 272% from the average daily volume of 149,069 shares. The stock had previously closed at C$0.13.

Falcon Oil & Gas Stock Performance

The company has a market cap of C$113.08 million, a P/E ratio of -40.17 and a beta of 0.51. The firm's 50 day moving average price is C$0.11 and its two-hundred day moving average price is C$0.11.

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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