Insider Selling: Falcon Oil & Gas (CVE:FO) Director Sells 4,000,000 Shares of Stock

Key Points

• Bryan Scott Sheffield, a director at Falcon Oil & Gas, sold a total of 4 million shares on October 1st for C$760,000, representing a 3.50% decrease in his holdings.
• The stock was sold at an average price of C$0.19, and Sheffield still retains 110,386,398 shares valued at approximately C$20.97 million.
• Falcon Oil & Gas shares traded at C$0.20 recently, with a market capitalization of C$221.83 million and a price-to-earnings ratio of -66.67.

Falcon Oil & Gas Ltd. (CVE:FO - Get Free Report) Director Bryan Scott Sheffield sold 4,000,000 shares of the company's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of C$0.19, for a total value of C$760,000.00. Following the completion of the sale, the director owned 110,386,398 shares in the company, valued at C$20,973,415.62. The trade was a 3.50% decrease in their position.

Bryan Scott Sheffield also recently made the following trade(s):

• On Tuesday, September 30th, Bryan Scott Sheffield sold 2,000,000 shares of Falcon Oil & Gas stock. The shares were sold at an average price of C$0.19, for a total value of C$380,000.00.
• On Thursday, October 2nd, Bryan Scott Sheffield sold 731,000 shares of Falcon Oil & Gas stock. The shares were sold at an average price of C$0.21, for a total transaction of C$153,510.00.

Falcon Oil & Gas Stock Performance

Shares of FO stock traded down C$0.01 on Friday, reaching C$0.20. 714,475 shares of the company were exchanged, compared to its average volume of 231,048. Falcon Oil & Gas Ltd. has a 1 year low of C$0.07 and a 1 year high of C$0.22. The company has a market cap of C$221.83 million, a price-to-earnings ratio of -66.67 and a beta of 1.05. The business has a 50-day moving average price of C$0.14 and a 200 day moving average price of C$0.13.

About Falcon Oil & Gas

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.

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.