Insider Selling: Falcon Oil & Gas (CVE:FO) Director Sells 731,000 Shares of Stock

Key Points

• Director Bryan Scott Sheffield of Falcon Oil & Gas sold 731,000 shares on October 2nd at an average price of C$0.21, resulting in a total transaction of C$153,510.00.
• This sale represents a 0.66% decrease in Sheffield's ownership, which now stands at 109,655,398 shares valued at C$23,027,633.58.
• Falcon Oil & Gas shares recently traded down to C$0.20, with a market cap of C$221.83 million and a PE ratio of -66.67.

Falcon Oil & Gas Ltd. (CVE:FO - Get Free Report) Director Bryan Scott Sheffield sold 731,000 shares of the firm's stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of C$0.21, for a total transaction of C$153,510.00. Following the completion of the sale, the director owned 109,655,398 shares in the company, valued at C$23,027,633.58. This represents a 0.66% decrease in their ownership of the stock.

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 stock was sold at an average price of C$0.19, for a total transaction of C$380,000.00.
• On Wednesday, October 1st, Bryan Scott Sheffield sold 4,000,000 shares of Falcon Oil & Gas stock. The stock was sold at an average price of C$0.19, for a total transaction of C$760,000.00.

Falcon Oil & Gas Price Performance

Shares of Falcon Oil & Gas stock traded down C$0.01 during trading on Friday, hitting C$0.20. 714,475 shares of the company's stock traded hands, compared to its average volume of 231,048. The firm's fifty day moving average price is C$0.14 and its 200 day moving average price is C$0.13. Falcon Oil & Gas Ltd. has a twelve month low of C$0.07 and a twelve month high of C$0.22. The company has a market cap of C$221.83 million, a PE ratio of -66.67 and a beta of 1.05.

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.

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.