Falcon Oil & Gas (LON:FOG) Stock Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• The stock price of Falcon Oil & Gas fell below its 200-day moving average, marking a significant technical indicator for investors.
• As of the report, Falcon's shares traded at GBX 6.70, with a market capitalization of approximately £97.16 million.
• The company is primarily engaged in the exploration and development of oil and gas assets in Australia, South Africa, and Hungary, covering around 12.3 million gross acres.

Falcon Oil & Gas Ltd. (LON:FOG - )'s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 6.39 ($0.09) and traded as low as GBX 6.35 ($0.08). Falcon Oil & Gas shares last traded at GBX 6.70 ($0.09), with a volume of 362,990 shares traded.

Falcon Oil & Gas Stock Performance

The firm's fifty day simple moving average is GBX 6.77 and its 200-day simple moving average is GBX 6.39. The stock has a market cap of £97.16 million, a P/E ratio of -34.50 and a beta of 0.51.

Falcon Oil & Gas Company Profile

Falcon Oil & Gas Ltd. (“Falcon” or “Company”) is an international oil and gas company engaged in the exploration and development of unconventional oil and gas assets. The Company's principal interests are located in two major underexplored basins in Australia and South Africa; with further interests in Hungary, covering approximately 12.3 million gross acres.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.