Falcon Oil & Gas (LON:FOG) Trading 12.6% Higher - Here's Why

Key Points

• Shares jumped 12.6% to GBX 17 on Friday, with 448,398 shares changing hands — a 119% increase versus average session volume.
• The company has a market cap of £190.22 million, a negative PE (-57.17), very low debt-to-equity (0.03) and strong reported liquidity (current ratio 2.29, quick ratio 51.52); the stock trades above its 50‑day (GBX 13.88) and 200‑day (GBX 11.59) moving averages.
• Falcon Oil & Gas is an exploration and development firm focused on unconventional oil and gas with principal interests in Australia, South Africa and Hungary covering about 12.3 million gross acres; it is headquartered in Dublin and incorporated in British Columbia.

Falcon Oil & Gas Ltd. (LON:FOG - )'s stock price traded up 12.6% on Friday . The stock traded as high as GBX 17 and last traded at GBX 17. 448,398 shares changed hands during mid-day trading, an increase of 119% from the average session volume of 205,003 shares. The stock had previously closed at GBX 15.10.

Falcon Oil & Gas Stock Up 13.6%

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.29 and a quick ratio of 51.52. The company has a market cap of £190.22 million, a PE ratio of -57.17 and a beta of 0.47. The business's 50 day moving average is GBX 13.88 and its 200-day moving average is GBX 11.59.

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. The Company's interests are in countries with a high regional demand for energy and for Australia and Hungary are close to existing infrastructure allowing for rapid delivery of oil and gas to market. Falcon is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.

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