Falcon Oil & Gas (LON:FOG) Stock Price Up 5.5% - Here's Why

Key Points

• Falcon Oil & Gas stock rose by 5.5% on Wednesday, reaching a high of GBX 7 ($0.09) before closing at GBX 6.70 ($0.09).
• The company's trading volume of 362,990 shares marked a 28% increase from its average session volume of 283,218 shares.
• Falcon Oil & Gas operates in two major underexplored basins in Australia and South Africa, with interests spanning approximately 12.3 million gross acres.

Falcon Oil & Gas Ltd. (LON:FOG - ) shot up 5.5% on Wednesday . The company traded as high as GBX 7 ($0.09) and last traded at GBX 6.70 ($0.09). 362,990 shares traded hands during mid-day trading, an increase of 28% from the average session volume of 283,218 shares. The stock had previously closed at GBX 6.35 ($0.08).

Falcon Oil & Gas Stock Performance

The firm has a market capitalization of £92.99 million, a P/E ratio of -33.02 and a beta of 0.51. The business has a 50 day simple moving average of GBX 6.76 and a two-hundred day simple moving average of GBX 6.40.

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.

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