Shares of Falcon Oil & Gas Ltd. (CVE:FO – Get Free Report) dropped 15.4% on Tuesday . The stock traded as low as C$0.10 and last traded at C$0.11. Approximately 501,263 shares were traded during mid-day trading, an increase of 152% from the average daily volume of 198,793 shares. The stock had previously closed at C$0.13.
Falcon Oil & Gas Price Performance
The stock has a market cap of C$122.10 million, a price-to-earnings ratio of -12.50 and a beta of 0.51. The stock’s 50-day moving average is C$0.10 and its 200 day moving average is C$0.09.
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.
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