Falcon Gold (CVE:FG) Trading Up 25% – Time to Buy?

Falcon Gold Corp. (CVE:FG) shares rose 25% on Friday . The company traded as high as C$0.03 and last traded at C$0.03. Approximately 351,000 shares changed hands during mid-day trading, an increase of 64% from the average daily volume of 214,077 shares. The stock had previously closed at C$0.02.

Falcon Gold Price Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.91 and a current ratio of 0.28. The business has a 50 day simple moving average of C$0.03 and a 200-day simple moving average of C$0.04. The firm has a market cap of C$3.80 million, a price-to-earnings ratio of -2.50 and a beta of 0.61.

About Falcon Gold

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.