Falcon Oil & Gas (CVE:FO) Trading Down 11.1% - Time to Sell?

Key Points

• Falcon Oil & Gas Ltd. (CVE:FO) experienced a significant drop in stock price, falling 11.1% to C$0.12 during trading on Tuesday.
• The stock’s trading volume increased by 50% compared to the average, with 214,583 shares changing hands on that day.
• Falcon Oil & Gas focuses on exploring and developing unconventional oil and gas assets in Australia, South Africa, and Hungary, holding a 22.5% interest in the Beetaloo Sub-basin.

Falcon Oil & Gas Ltd. (CVE:FO - )'s stock price fell 11.1% during trading on Tuesday . The stock traded as low as C$0.12 and last traded at C$0.12. 214,583 shares changed hands during mid-day trading, an increase of 50% from the average session volume of 143,445 shares. The stock had previously closed at C$0.14.

Falcon Oil & Gas Stock Down 7.4%

The stock has a market capitalization of C$97.48 million, a price-to-earnings ratio of -34.63 and a beta of 0.51. The company's fifty day simple moving average is C$0.12 and its 200 day simple moving average is C$0.12.

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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