Falcon Gold (CVE:FG) Trading Down 16.7% – Here’s Why

Falcon Gold Corp. (CVE:FGGet Free Report)’s stock price dropped 16.7% during mid-day trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.03. Approximately 354,000 shares changed hands during mid-day trading, an increase of 184% from the average daily volume of 124,790 shares. The stock had previously closed at C$0.03.

Falcon Gold Price Performance

The company has a market cap of C$3.80 million, a P/E ratio of -2.50 and a beta of 0.61. The company’s 50-day moving average price is C$0.03 and its 200-day moving average price is C$0.03. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.28 and a quick ratio of 0.91.

Falcon Gold Company Profile

(Get Free Report)

Falcon Gold Corp. generates, acquires, and explores mineral properties in the Americas. It explores for gold, silver, copper, and base metal deposits, as well as diamonds. Its flagship project is the Central Canada Gold Mine located approximately 20km southeast of Agnico Eagle’s Hammond Reef Gold Deposit.

Further Reading

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